Went on site inspection yesterday.Very impressed.The flare is burning and a lot of construction in progress,also saw the drilling rig in action.
60 to 100 years of production life being proven up,not to mention satellite areas.The demo plant will be finished by end Feb.(all parts are in Australia or on the sea from Sth Africa)
Very strong interest by institutions (Was offered $50 mil in recent raising but had to knock half of that back due to the ASX 15% rule)
The actual plant (still some years off) to produce 20000 barrels per day at a total cost of approx $30 per barrel....You do the calcs,staggering!
And that's not including all the overseas and other jvs in Australia.
GO MONSTER GO !
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