Member Info for reggie72

Not when you research the asset.

Take a look at their cv's, they have proven experience in this region and have set up on their own so I am hopeful. http://www.sundagas.com

Apparently delayed due to agreeing a license boundary, however timeframe is now before year end. I think the decision on Z34 has a lot to due with Asia and freeing up funds which may also include drilling their other Peru block which will only cost c$1.2m (at 100%). They could be both projects with the escrow money so breaks the stagnation. Block xx1 is ready to be drilled and they have well locations.

Exciting times if Asia comes off, I believe this is an existing discovery less risky. The added cash will help give Boil a very good war chest to develop the asset.

They already have a license/ project target in Asia and we are waiting for sign off before year end it states. Proven block so less risky and this is what they will use the cash on imo.

They have a JV with Sundagas to do deals in Asia and in the interims said expect to complete a deal before year end. Of course there will be no need to do a placing now with this cash coming back to them and with the cash they have already in the bank takes them over the �4m mark to reinvest, key also no debt!.

they get nearly �3m cash back which I guess will go into Asia projects?.

Another holdings rns.

add to that Altona holds a license area containing the 2nd largest coal deposit in the world.

lets hope so. this is a big quarter for potential news flow just hope the bod can pull it off?

late reported buy of 3m just under full offer 0.34p

Well with oil at a two year high the chances of a deal are hopefully improving, this does after all start to make offshore viable. 2.2bn barrels of oil so get moving.

Forecasts for $70 oil in the not too distant future, great for those who are producing a decent whack! 6k bopd plus and rising.

some big buying returning today

thanks for that mate. sounds interesting. I thought the asset was huge but not that huge!

sunlit. did they give any idea when we would see the plan of action?

sounds very promising Sunlit. Looking forward to seeing the plan!

LTs here will know all about the huge potential this project has, what has let it down before is lack of experience on the management side to drive it forward. they still have substantial $ backing and now a more sound bod. The balance seems more improved to me but time will tell.

hopefully, no idea what is going on but it would be great to see a bullish plan to kick start this monster asset.

now it's up lol. big quarter for the bod here!