NEWSFLOW - GOBI, Farm Out, 3D Seismics, Renewable 1st Revenues, Open Market Institutions BuyingToday 07:01
HEADER & very exciting developments near term, all off a low cost base & whilst we continue generating daily Production/Revenue!
- GOBI Notification of 2 week Well Test, with Hydrocarbons ALREADY discovered & fast timeline to production, if that hydrocarbon presence proved commercial.
- New 3D Seismics looking to commence JULY with initial results available in late AUG, if that were the case. Est cost approx $4M BUT vast bulk of that deferred for payment until next year.
- 1st Renewable Revenues expected this year, based on current timeline and contingent on due processes involved. Nothing factored in for Renewables, so should be a major catalyst for investors to see tangable revenue incoming from that.
- Block 20 Farm Out highly advanced stage & multiple other party interest due to global supply shifts
- Block 7 Farm Out active and targeting active China side partner (however, any developments will likely be nearer year end at earliest)
- PR drive targeting Institutional 'Open Market' Buying - Current!