good to see drilling is about to start on Z38 peru. Be interesting to see what's down there after all these years. I do still wonder if all the data we've got on Z34 might be worth something to someone on day.
I'm not interested in pointing out errors, i'm interested in what it actually means.. to me, entitled means we have the option but not the obligation. So if taking the 33% means we have to pay 33% of the costs, we have the option to reject it?
lots talking like we already have 33% (of something) - but reads more to me like we have the option to buy 33%... so far for an unknown cost. considering we have no money of any consequence i'm not sure how useful this is to us. Maybe i'm missing something but without more information, it's impossible to speculate what the significance of the news it. Any thoughts appricated.
It's not really that amazing. 2 weeks away from starting.. then another 4 weeks to any sort of results. and even then, regardless of the results, there's not going to be any income. the best results will lead to more capital being required. The market isn't as stupid as it used to be in the days to huge pre-spud rises.