the first month since the last announcement draws to a close.
the quarterly at least will come out.
once they drop under a million dollars cash, the clock really starts to tick.even with a deal yesterday,i cant see a drill slot open in bass strait inside 12 months.
they have to get cash for wages from somewhere.who feels like kicking in more money to pay president of the united states wages for a bit of knitting?.
the tasmanian stuff was money bled out for nothing,and management too stubborn to cut losses.the oil discovery is too small to get top dollar for.
the potential drill hopes will never all be drilled before 3d hands back the permit.
a percentage of something beats knitting nothing.lot of drilling has gone on in bass strait,just nothing on 3d territory. if a company does not have people skills in the negotiating department, then buy those skills in.stubbornly refusing to move,while your cash evaporates can only end one way.noel is never going to be loaned 100% of the money to do west seahorse by himself,and that is the end of it.
TDO Price at posting:
6.5¢ Sentiment: None Disclosure: Held
