Zijinshan project 9 Jul 2014 00:16
Concluding from review and appraisal I assume involving our recently head hunted ex-BP technical director we are proceeding with the flow testing of three zones in ZJS7 with immediate effect.
Agreed 'Sino Gas, which owns the neighbouring assets to Leyshon in China, has a market capitalisation of around £150M based on those assets alone, so our MCAP represents a tenth (which is cash alone!!!). So yes Wordog I would envisage the offset data from Sino Gas has given significant room for optimism :)
Additionally from 6 May 2014 Chairman John Manzoni commented: '' We remain very active on the acquisition front and are pleased at the strong financial support we have received to date for the potential acquisitions we are working on." Step up recently recruited exTalisman Energy and BG group directors...watch this space I should imagine!
Agreed Biggib... let the buy back commence...