Colquhoun. Now that would make a great deal of sense and having 100% and (hopefully) three producing wells, they would certainly be in an excellent position to negotiate a J/V on very favourable terms.
Again, I believe that they would need to first prove that position and if they are really contemplating a major development programme when more data in support of same is available, they could even start looking for a cornerstone investor, or, debt, while interest rates are still low and likely to start rising sooner than later. I'd expect that they won't be relying on senior management having hands on drilling too many more wells.
These next two wells and probably the next three will give everyone an opportunity to make more reasoned judgments on the sustainability of this project.
It is far too early to jump to too many conclusions, but, the rhetoric (evidence?), so far, seems promising.
AKK Price at posting:
0.6¢ Sentiment: Buy Disclosure: Not Held
