First sign of success at Manora, how Risco play this will be interesting, 7cents offer is dead in the water, the announcement today confirms it. At 15 cents Risco could possibly get to 60-65% ownership.
If a third party made an offer it would have to be over 20 cents, can't see the two largest holders selling for anything less.
Whatever the case we need a serious bid to see any action.
Ann: Manora-8ST1 appraisal well encounters oil bearing zones, page-6
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