Australia: Cooper Basin The Cooper Basin area has been subject to unseasonal weather for the past year and as a result of this, and the associated continuing poor ground conditions, catch-up work programs to extended testing the Fury-1 well have not been possible. This work is expected to occur in the current quarter; however it will be timed to fit in with the work program of the Operator, Senex Energy Limited (formerly Victoria Petroleum NL).
Kyrgyz Republic Oil and Gas Projects The Company has completed its non-field planning for a modest 2D seismic acquisition program on previously identified structures on its Concessions and anticipates contractual negotiations to recommence in the spring. The Company is seeking a partner to assist with the development of these projects.
Kyrgyz Republic Uranium Project Raisama Limited is currently planning exploration program for the coming field season, with emphasis placed on defining strike limits to the mineralisation and defining a JORC compliant resource. Additional exploration will be undertaken to better define new targets within the tenement package.
MHL Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held