I would still like them to spell out the next steps and some sort of timetable. MAL was a dud so they have no choice but to move to their next target which is IRAK. To me IRAK always seemed to have more potential and by reading the posts here i'm not alone. It could be that it is very difficult to get the rig there so MAL was chosen first.
If this was a new IPO i would probably invest again. We need to put the hole2 fiasco behind us and move on. One successful drill and the SP will skyrocket. I still think they should partner up with an already established PNG operator. It would immediately take the pressure off the SP (no placement needed) and would provide them with equipment and local geo knowledge.
QRL Price at posting:
10.7¢ Sentiment: Hold Disclosure: Held
