RE: $10mill at 7p and no chance of forward selling them... so they see the upside!15 Jan 2026 10:39
Promising and positive words from Max.
Max Easley, Chief Executive Officer, said: "Today's financing further enables our forward programme at Dubhe-1. Prior to the suspension of testing in December the well was exhibiting increased gas production volumes, and we are very keen to recommence operations after pressure build-up and other analysis has been completed. Completion of the testing programme will determine the next steps for the development of the Ahpun asset and will potentially unlock significant value for the Company.
"In addition, upgrading the seismic over the Kodiak structure now may significantly strengthen our position in ongoing farm-out discussions.