Wonder if he bothered to hedge it..5 Jan 2015 10:44
This is KEA's problem in a nutshell, IRGS can be bone idle & sloppy & it's his prerogative to make bad decisions which in turn lead to even worse workmanship in the end product..case in point is the AU$4.5m paid for 'poor quality' 3D for the PUKA field which MEO chairman alluded to in his detailed report, if you know the history here this has been the run of things & everyone invested will agree..that said at these levels it's an oil producing shell of a company with 3 licences that need funding, one drill, plus seismic for MAUKA, plus another years overheads is around £2.5m needed to raise & that will be required sooner rather than later..