i had a quick look myself but did nothing for now. yes they have 12mill but after this drill say they'll have 6.5 left. offshore drilling is bluddy expensive so unless they get another deal like they have for this drill then i reckon they'll need to front up with more cash. if this ones a duster i reckon a c/r may well be required for the next lot of drilling they do. they said they have 9 potential drill sites or something??? how they going to fund it?
anyway just what i took from a quick glance. def short term could be a quick buck though.
imo dyor
RMP Price at posting:
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