I was communicating with Barnaby earlier today regarding update and the lake.
Regarding lake, As we know Tridimension Energy went into bankruptcy last year severely hampering FUT's ability to begin operations on the lake. FUT subsequently took over the project for the season and refurbed the rig and managed to drill one good well in June last year.
An Asset Purchase Agreement was lodged with the United States Bankruptcy Court for the sale of Tridimension?s oil and gas assets to Sanchez Oil and Gas. Sanchez has now completed the acquisition of TriDimension.
I'll hopefully have another discussion with him later today.
FUT Price at posting:
2.0¢ Sentiment: None Disclosure: Held
