GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
what as the placing volume again?
web page was down til just now
it was lower today but closed even today.....whats your thoughts?
if we don't vote or vote no.....can they still issue more?
what exactly is it for and how will it benefit us? how should one vote? looking for it
no...why would i be?? nobodys posts can make the share price go up or down
Thank you for your email. The guidance for the commencement of drilling the first well has not changed and is scheduled for July 2018. The recent fundraise has secured funding for two further wells which will utilise the rig already under contract. Best Ed Edward Westropp Managing Director FTI Consulting - Strategic Communications
2. BACKGROUND TO AND REASONS FOR THE FUNDRAISING The Company holds a significant, 100% owned and operated, acreage position in Mongolia. It owns and operates three PSCs covering over 60,000 km2: Block IV (28,900 km2) and Block V (21,100 km2) in western Mongolia and Block XX (10,340 km2) in eastern Mongolia. In February 2018, the Company completed an oversubscribed US$16.8 million gross placing as part of the re-launch of the business which also saw the appointment of Mike Buck as CEO, in October 2017, following a period of relative inactivity. The new funds were raised to fund a four well drilling campaign across the Company’s acreage in 2018. The Company is undertaking the Fundraising to drill a further two wells, which will be drilled in 2019, in addition to this years’ four well programme. On completion of the placing the Company will have a fully funded six well programme targeting prospective resources of c.850MMbo. 14 Adding these two wells in 2019 to the four well 2018 campaign, not only materially increases the total prospective resources to be targeted by the Company’s funded drilling campaign, it also allows the Company to realise cost synergies, by negotiating additional wells to its existing and proposed rig contracts, rather than having to undergo a further rig tender and incur the additional costs associated with this and the mobilisation of a new rig. As previously announced, the Company has been running a farm-out process which has generated interest from a range of companies, who have undertaken reviews of the Company’s data room. There are currently a number of companies remaining in the process. The completion of this Placing will strengthen the Company’s financial position and thus negotiating position with potential farminees. As there are still a number of interested parties, the Company does not rule out bringing in a farminee, if on favourable terms, prior to the commencement of drilling in July 2018. New Wells to be Added to the Programme 1. Fox Prospect (Block V) Fox is a c.200MMbo prospect (mean prospective resources) located in the Tugrug Basin in the east of Block V. It was previously identified as a lead on 2D seismic and has been high-graded as a prospect following interpretation of the Company’s recently acquired 3D seismic programme. The data identified a well-defined structure in the basin centre. The trap is large, with an area greater than 15 square kilometres comprising a dip closed fault bounded high with a thick section of what is interpreted to be an interbedded section of Jurassic and Cretaceous reservoir and source rocks at its core. The Company believes the Tugrug Basin has excellent evidence of a working petroleum system with thick, rich source rocks outcropping on the basin margins and live oil shows in good quality reservoir sands seen in core recovered from the TSC-1 core hole on the basin edge, which was drilled by the Company in
right on fresh!
right on..no conspiracy here
STERLING!
yes
right on
oh,ok.....well waiting on drill news....come on buck! lets get with it
so.....whats the final analysis?
oh,ok....its confusing the terms etc I feel this will see dollars about $2 this year usd
you mean 80.00 sterling? or a dollar usa? equivelant? trying to understand
looking forward to the up-turn might add more (usd)
made it on this list! http://www.baystreet.ca/articles/research_reports/edison/ExplorationWatch042018.pdf
psssst....and wha happends when they hit oil......block 20 oil dosent stop at the Chinese border