RE: Obone's email6 Sep 2018 13:59
I just received a reply from Colin to the following:-
F.A.O. Colin Hutchinson,
I am a concerned, fairly large PI shareholder in AST and would be grateful
for some reassurance, especially as the market is letting the share price slide daily:-
Is Petrol Geoterm still on target to deliver the IPPC study required by end of this week ?
Is there progress on the well entry licenses ?
Are the existing wells performing well enough to cover O&G ?
I see AST did not present at The Oil Capital Conference, London yesterday.
Do you have any plans to promote AST in the near future ?
Thanks in advance for taking time to reply,
Dear ....
We are still on track to deliver the IPPC responses as previously outlined.
A further update on the re-entry permits will be made when we have anything substantial to report.
The existing wells are providing income but not sufficient to cover all costs so we have made some cuts.
I didn’t present at Oil Capital as we have been conserving cash and focussing on the strategic review. I have done some other interviews recently.
Thanks
Colin