once they see the rig and drill prospects after some research then the herd will clock on, surprisingly quiet given drilling is imminent at Wick closely followed by Colter. Both stand a vg cos.
RE: Dunder-Drewks reputation in Tatters4 Sep 2018 15:19
caus' they're buying Boil for the near term drilling action, back to back wells starting north sea in oil proven areas, fully funded for both, cash in bank and no debt.
yes mate but still hold a few here but I am looking for some drilling action asap and have put some more into Boil for their two well back to back drill campaign to kick off sept/ oct and complete 2 wells this year, fully funded starting in the north sea.
well the rigs are close and easy to get to site positions, not like they need to be shipped across the globe. do we have a picture of the rig?, seem to remember its a proper size north sea job!
amazing how many new names are turning up telling us about the cash position. bottom line is they sold out of Z34 and got $5.2m cash in return total inc current reserves so have more than enough cash to cover current interests and more drills in future. g&a costs and board size has been reduced significantly dyor. unlike mny boil are in a sound financial position with cash in the coffers and zero debt and fully funded for imminent multi well drill campaigns in proven areas.