Looks like a very interesting oil and gas play which could take off 2Q10 onwards if results from a proposed second drill comes up trumps. If nothing else, at a current price of 0.26 (PANR.L), the investment adds just shy of 2c per share of value to AXT.AX when compared to its previous cash-laden position.
Ann: Argo invests in Pantheon Resources Plc , page-2
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