re: will it hit 2 cents?????? Broke...Don't forget, LIO are also...

re: will it hit 2 cents?????? Broke...

Don't forget, LIO are also looking to off-load Bula and their rig for cash...reportedly for decent money.

But perhaps the biggest prize might eventually come from the Seram (non-bula) block, sole risk wells.

There are two main prospects they plan to drill, just as soon as they manage to attract a JV partner who will "free carry" them.

The prospects are reasonable, with P50 reserves of 8.9 mmbo (Dewang) and 4.7mmbo (Solan).

So assuming they can negotiate something like a 20-30% "free carry" through drilling, a successful hit would do wonders for their share price.

Cheers!