RE: Summary22 Jun 2016 00:49
Perhaps the gas is in focus, not oil till back end of next year. Additional its 11% on $1mln with 6 month grace period. I could go on but I thinks we should not paint pictures without correct information.
The oil market is in the stages of cost reduction and simplification and will take time.
Looking at the gas program briefly it takes approximately 24 days to drill and test with upto 10days to complete.
Expected to drill more wells subject to seismic. Could amount to nothing, even discovery etc etc
At 1.5p it's a great entrance price for risk reward play IMO.
Gla all