James Parsons, CEO and Brian Mitchner, Executive Vice President of Exploration will be our guests on next week’s Share Views. This episode will be available to watch from the morning of Friday 9 December.
DF did you get the impression the EWT results from te7 look solid so far? Also is the case for a Connected gas column looking like it can be supported by the data now it's being evaluated ? Please do share :)
EXPIRY OF OPTION AGREEMENT TO FARM INTO THE TENDRARA LAKBIR PETROLEUM AGREEMENT ONSHORE MOROCCO
Further to the announcement of 10 December 2014, the board of Fastnet has elected not to exercise the option to farm into the Tendrara Lakbir Licence onshore Morocco. The option expired on 31 December 2014.
Carol Law, newly appointed CEO of Fastnet said:
"Current market conditions have severely hindered our ability to attract a partner to join Fastnet in the Tendrara opportunity, thus the Board has elected not to exercise the Tendrara Option Agreement. Fastnet has a strong cash balance sheet with over US$18 million in cash. We believe this is the best decision and we will use great discipline in the allocation of our available cash to ensure maximum value for the shareholders. "
All I can say is "Oh Carol, you are such a fool, darling I love you, making sound so cool"
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