Has anyone received the letter/circular to the shareholders from AZA, explaining the end of the merger crap and what the media has been wrongly saying about reduction in the 2P reserves??
It also states "the resources in the licence area have not been reduced as a consequence of the results from the Basker 6 well, and any suggestions of a major reduction of the total reserves/resources in the Company's assets is unfounded". End of quote.
My understanding of that is, that at worse, the 2P reserves remain the same but, there is a high possibility that the reserves will be upgraded further with the discovery of the new oil bearing sands which never appeared in the equation before.
And it also states that the Basker 6ST1 well is the best of the wells currently producing.
To finish it off, it also said that AZA is debt free and in a good position to take advantage of any appropriate opportunities which may arise.
What does that tell you then??
Could it be the case and cause that the sp in Nexus has been creeping up slowly?? Only a guess, but.........
Good luck to the ones who hold.
Buddy
AZA
anzon australia limited
