RE: Sunrise20 Jun 2024 13:53
The Company continues its discussions with additional potential funding partners regarding participation in the drilling of the appraisal well in Contract Year Three. These parties include potential strategic investors into the Chuditch project and enterprises with an interest in developing and / or taking the gas resources to market. Whilst there is no certainty of any of the discussions reaching a completed transaction, the progress is encouraging, and the Board is confident of the financing being in place in time to enable drilling of the Chuditch well as planned in early 2025.
New name and new placing very likely Q is when and at what discount .