They expect to start drilling this year so permits anticipated soon.no news on beutong.will they sell this I feel.or bring partner in.horrible year 4 shareholders.
No value put on beutong yet.still feel an injection of money needed early next year.either through JV or selling of one of there assets.beutong mayb.or placing
The only thing I will say tracarta investment company of which giles clark and his cronies have interest in were buyers in this company from 2p- 6p plus so would take big loss if sold out cheap.
Pipe was an option costly 1.approx 10-12 months too build.not sure can have a sustainable mine with out sufficient water as b4.money 4 sure needed again.
Looks promising if can hold 9p level then can move higher,whenever it goes normally 9p falls back.AGM friday.GLA mayb other brokers will follow and raise there targets.
Will drill 3 wells someway off b4 deal can be signed and approximately 675 million barrels of oil equivalent, time this will take? Not sure markets over impressed.best use of cash?