The final documentation for the first stage of $150 million will be signed by Thursday of next week in Europe, with the funding to flow to the joint venture partners about 10 days after that
MKE will be fully funded with at least 18 months of cash in the company
Drilling is scheduled to start in March, with all approvals already in place, and 4 wells are expected to be completed by October of next year.
My hope is the company will relist in early January, so as to avoid the typical trap of bringing good news out in December, for it all to be forgotten about over the holiday period
MKE Price at posting:
9.0¢ Sentiment: LT Sell Disclosure: Held