Ann:-9 Feb. "It is certainly exciting to receive a Net Present Value of US$16 million based on just 11% of our current acreage position"
Ann:-10 Feb. "wishes to provide clarification on its ASX announcement , titled “ Maiden Pathfinder Oil and Gas Reserves and Resources” that was released to the ASX on the 9th of February, 2017. As a point of clarification, the published NPV figure of USD$16 million has been assigned only to 1,800 acres where drilling activity has occurred and real production data and reservoir drainage volumes can be obtained. This represents 11% of the total 15,773 acre Pathfinder project acreage.
Trust that everyone has interpreted the real purpose for this latest ann! "Clarification"?? Answers one of my questions.
AKK Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
