What I am interested in is what is happening with Italy.
If the purchase of the UK assets goes ahead then that will leave about $3m in the bank, that is sufficient funds to either expand the UK fields or drill the Borsano block.
I presume the aim of KR is to use the remaining funds for assets that are producing NOW, rather than have to wait 4 years or so for the wheels of government in Italy to turn full circle.
moving along, page-15
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