RE: Proposal re issue of equity13 Nov 2018 23:34
TPT, The Notice of General Meeting RNS indicated that the revenue from the wells was declining and will continue to do so unless they are reworked? It also mentions that “In the short term and independent of permitting and subject to funding, the Company could seek to increase current production through a workover of Pg-11A to isolate and seal off the source of formation water and by the installation of compression equipment to prolong the life of Pg-10” I think that if the BOD receive the requisite votes then a raise would soon follow?
I would like to hear the outcome of the visit with the Minister before a vote and would also like to have a little more information re the SR?