In the latest quarterly update management stated "
It is the Company’s current intention to return to SMI 6 and drill a second well into the G, H and I sands utilising the existing caisson that was driven for the SM 6 #1 well, subject to funding". My guess is that management would be pursuing discussions on funding. I now it is difficult but we just need to be patient as the drop in oil price would not have helped.
BYE Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
