Worth checking out the announcement of 11 April, "Major Oil Project Investment". They have a significant stake in a large block in Madagascar immediately south of a block estimated to contain 1.8 Billion barrels of oil (already successfully drilled). In other words, the significance of CRJ's block should not be underestimated. $5m to be spent over the next 18months which will take them to 51%.
Seismic programme should commence shortly. Every chance that BESBS players will attend to this one in coming months.
Directors putting their hands in their pockets in a big way early is a pretty big signal imo.
Worth checking out the announcement of 11 April, "Major Oil...
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