Bradis,
I have written off my AST investment...politics, delays, killed it. They were supposed to be talking to multiple parties for ages...nothing happened. If that comes good then would be nice.
Block 20, Appraisal wells coming up right next door to PetroChina's 2.25 bln barrels resource.
Would be mad not to be in here...
Fully funded for upto 6 wells.
6p incoming..
Consolidated nicely after hitting 6.42 on previous leg.
Higher Highs...Higher Lows.
Steady re-rate always good, but then Matd does its own thing with a big sprint Upwards out of no where.
What is cash balance here?
Was $3m about a year ago. June 2018.
How much do BPC owe for Licence renewal fee ?
After General & Admin expenses....don't think there is much cash left here.
"Under the guidance of Mike Buck, who joined the group in October 2017, management has put together what it believes is a compelling story: a six-well programme at an all-in cost of up to U$25mln."
Fully funded....lovely jubbly.
2019 will be busy year through out.
2019 is packed with 4-5 drills starting very soon with Appraisal wells from an extended Petrochina Oil field with estimated 2.25 bln barrels Resource just 500 metres away.
How much of that Oil sitting in our Block XX?