From the announcement released on the 28th Sept 2009:
The Company is currently in negotiations with respect to a potential farm in to an additional oil and gas project. While these negotiations are progressing well, the Company is unable to provide any more specific details at this stage. Further details will be provided to the market when (and if) a binding agreement is executed by the Company.
So I gather this is the project. How much cash do they have left and will it require another cap raising? I figure they had about 5m in the bank prior to drilling Atocha.
FUT Price at posting:
0.5¢ Sentiment: ST Buy Disclosure: Held
