RAI 0.00% 2.3¢ raisama energy limited

Ann: Withdrawal from Kakapo Farmin, Taranaki Basi, page-2

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  1. 4,045 Posts.
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    re: Ann: Withdrawal from Kakapo Farmin, Taran... Hmmm, RAI ann.

    Don't know much about the co to comment, but I get the feeling this ann could be a positive for the SP. Could explain the aggresive buying recently. Could be the directors cleaning out the house

    Quote....

    "Raisama was earning a 10% working interest by paying 20% of drilling costs up to $3m, and heads up thereafter.
    Raisama has not incurred, and is not liable for, any costs related to the proposed drilling of
    Kakapo"

    Any news about reducing costs has got to be good for the SP.



    Cheers

    eMark
 
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