Ann: EGM Presentation - Overview of merged companies, page-17

I'm with you there,but we could've easily been shut down with the money problem that PRL created. They burnt their bridges behind them with the multiple stuff ups in Uruguay.
I'm quite happy to be getting a 2nd chance at making a smaller return on my money instead of losing the lot.

Say 90cents here would get me a 3 bagger instead of losing the lot.

I've been in this company since OIP merged with Petrel something like 10 years ago and it's largely my own fault as i should've sold out when they hit 27cents all those years ago but they were doing CR's at 12cents back then so that was only a modest gain compared to what could've been possible in Uruguay....what a mess that was....and still is.Well #2 has HUGE potential but getting to it with this wildcat drill and any possible production wells seems very problematic with the difficult geology protecting it.

Not sure how they are going to rethink this to solve the problem getting down to TD.

Do they..
Get a bigger and better drill rig?
Better drilling company?
Drill in a different location? although that layer of basalt seems to cover the whole area.
Drill using a different technique?

We did employ some sort of expert after the first lot of difficulties were hit who seemed to have some success before the ultimate failure.

I have absolutely no knowledge in this area but hopefully someone does....most importantly someone in Sceupbach or Warrego.!!