What I am interested in is what is happening with Italy.
If the purchase of the UK assets goes ahead then that will leave about $3m in the bank, that is sufficient funds to either expand the UK fields or drill the Borsano block.
I presume the aim of KR is to use the remaining funds for assets that are producing NOW, rather than have to wait 4 years or so for the wheels of government in Italy to turn full circle.
KEY Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held