2nd placing was on same terms from same Investor. May be ArtM wanted to raise funds quick only to pay for licence deposit payment to secure it just for now with 3 year terms etc. Coz they are going cheap in the Summer SALE season.
Focus is still OPL226 which is happening now.
Did not expect to pick up cheap stock this morning.
That's why things should actually get done finally. I think instructions are coming from the Govt who probably gave both Shoreline and EssarM a slap on the wrist to settle things and get a move on. They want to pump all the oil sitting there.
Yes, noticed same last week, it started moving in Doubles...0.34 to 0.36....before you could place buy order, had already moved to 0.38 leaving many here scratching their heads...including myself. Lol
Some good info guys on drilling. Looks like approx. 30 day drill if all goes smoothly as planned. Weather wise it's a good area for all year round drilling. So once in production there would be plenty of oil for local and export markets. Quality as we been told is good light oil. So effectively no need for artificial stimulation if porosity is good and oil comes to surface naturally.