Cost Interoil US$25M for their share of blocks 5 and 6 (40%, 20%) with an expected further funding of US$25M.
Falcon is a partner in this block.
They have made 2 good discoveries and have been running 3D seismics. Perhaps they have found a good discovery that requires further funding which is why we would be farmed in?
Interesting stuff.
Need to just look away from the screen with whatever people want to do there.
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held