re: Ann: Quarterly Activities and Cashflow Re...
Lol! What?
Estimated exploration expenditure next quarter-$300k
Cash: $1.15 million
I see no critical need for a capital raising atleast until June or more likely July! This is barring however a new aquisition/s.
The quarterly reads quite good IMO and glad to have held on.
Fury 1 is being compared to Mirage:-
"We believe Fury 1 is analogous to the Mirage oilfield, and that similar flow rates are achievable. "
Testing of Fury may happen quicker than I thought:-
"The latest forecast for field accessibility to PEL 115 is end of May"
Looks like things running smoothly in Kyrgz with plans in motion to develop the (minimum 2) leads into prospects via 2d seizmic then farm a portion out:-
"The company has developed a 400km 2d seizmic aquisition program. Tender requests are enroute to selected service providers and the company expects a response within a month. The Kyrgz oil/gas assets have not been adversely affected by the political happenings."
"Assessing numerous new venture opportunities (mentioned twice)."
So it's all quiet on the western front but behind the scenes action is almost 'fury' ous :) cheers.
MHL Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
