SXP sapex limited

potential for huge amount of gas and oil, page-11

  1. 6,316 Posts.
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    Hi Nobby,

    They had to pass around the hat at yesterday's board meeting.

    LOL!!

    Just joking.

    They have total of $9mln on hand.

    The aim has been to get some drilling done and results. After that, if news is good, they will more than likely aim for a major JV partner.

    73% of shares are held with parcels > 100,000.

    Thats another reason why the share registry is pretty tight.

    IMO the initial drilling will be the instigator for a major rerating of this stock - if, and i say "IF" results are good.

    O/T

    Meeting the GM end of next month for the job in Dubai.
    If all goes well, i will be posting from over there in a couple of months.

    Cheers markco2
 
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Currently unlisted public company.

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