RE: How did the meeting go last night?18 Jul 2018 08:15
Nothing new, Stephen's presentation was somewhat hindered by the fact we had to move rooms due to one guy collapsing part way through Malcy's bit.
What I got was that he is most excited about the Romania investment.
Reabold website extract regarding Parta - Romania:
A two well appraisal campaign is planned by Danube Petroluem on the license; aiming to test 33 BCF of prospective and contingent resource in H2 2018. Each of the wells in the program will intersect at least two proven (tested) as well as prospective gas reservoirs, thereby significantly offering a low risk appraisal and exploration potential and a fast track to early cash flow from gas production. Robust at substantially lower gas prices, Reabold management has attributed a net success case NPV (10) in the success case of up to $86 million gross for a multi-well development across the two appraisal projects.