RE: My post from ADVFN..24 Apr 2018 12:33
Yes the marine offering looks very interesting and will make further use of the refinery...
Also they have stated they are looking for 2,000 bopd from South Dagi.. That would double existing production
The Company's plan is to design and seek approval for a Development Plan for the South Dagi license with the official authorities, which is expected to involve a drilling program with the objective of producing up to 2,000 bbls/day over the next 5 years. The oil from South Dagi will be transported by road tanker to the Company's refinery at Petrosakh, a distance of 400 kms, increasing the utilisation rate of the refinery, which will not need additional investment to process both the heavy and light oils produced at South Dagi.