RE: Another contrarians post which is very interesting16 Aug 2020 17:46
And another one - I suggest you read these and take it all in
Past performance does occasionally give an indication of future reruns lol
2012
“Our focus is now firmly on developing this fresh political mandate into progress with potential farm-in partners and thus drilling preparations over the next 12-18 months
2013
We are in discussions with a number of potential partners to join us in the planned exploration drilling programme and see the increased clarity from the Government as a supportive move in this process."
2014
“The Board and executive management have full confidence in the technical case as it continues to develop, in the timely execution of a farmout and, in order to further align interests with shareholders
2015
“All of these factors give confidence that during 2015 we will be able to secure the funding needed to pursue the enormous opportunity before us, in a manner that is value-enhancing for our shareholders
2016
Partnership discussions have been progressing well, and with the recent licence renewals, regulatory changes, and cash savings measures implemented, we have the time and tenure needed to pursue these to a successful conclusion
2017
-- The Company is confident of being able to conclude a farm-out and has several parties presently engaged in late-stage commercial negotiations
2018
It is thus incumbent on us at the Company to use the current window of opportunity, and during 2018, move forward to finalising an agreement sufficient to enable the commencement of the first exploration well on our licences.
2019
- Appointed Macquarie Capital Markets Canada Ltd as an advisor to assist the Company with various corporate initiatives with the goal of securing funding for the initial exploration well;
MAY2020
the Company is now actively seeking to revisit all potential funding sources for Perseverance #1, with a view to optimising the availability and cost of its funding. This includes continuing to pursue a farm-in, and farm-in discussions remain on foot with a number of parties
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