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Ann: Operations Update, page-33

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  1. 2,819 Posts.
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    For those interested, Great Bear is no longer part of Winx, bought out by Pantheon Resources.

    "participate in a carried 10 per cent. Working Interest exploration well on the Winx prospect ("Winx") with potential for 400 million bbl. oil (P50 Technically Recoverable Resource) in the first quarter of 2019"

    "Purchase consideration for the Great Bear Companies values the assets at approximately US$49 million", after spending over $200 million, nice pick up.

    https://www.voxmarkets.co.uk/rns/announcement/1e2c8839-85b5-4570-b3fd-66a79a559c01/

    http://www.pantheonresources.com/

    Cheers
 
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