I was hesistant to bring this up in my initial AGM report, because it is ONLY SPECULATION on behalf of the board who were at the AGM but they suggested they could possibly farmout the high impact wells. Apparently they got a lot of interest in the farmout negotiations about a particular well, but didn't want the rig over hang/wernt interested in gazelle etc. So now the possibility exists of Rialto farming out the 1/5 chances to a larger company for some capital. Makes sense, I don't think any one wants another starfish for this company to go through. Like I said I got the vibe that this was purely speculation on behalf of the board, so don't take what I said as gospel but its an interesting possibility.
Still don't know why this is going only one way, good for me I keep topping up. But after PSC and Vitol deal signed, with more funding on the way there is essentially very little risk left here!
RIA Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
