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l20/50 , page-12

  1. 7,486 Posts.
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    Ima few ks northwest from them over the mountain range and rainy season here went over usual by more than a month thx to La Ninia but is dry now. Dec in Thai is dry winter, not rainy like our north, so wont be much of a delay. Gives Hartleys extra month to get it to its 11c pivot before spud date. Shake and rake meanwhile I suspect.
    Check out their latest assessment on SUR website. My only gripe is they gave away 20% outa their 50% for a freecarry. Leaves them with 4.5 mill uncommitted cash even after 3 wells ... BF's income stream guranteed haha. I would have GLADLY paid cash for a placement at 6 say to retain the 50% damn. Nevertheless success is worth 18 - 111 according to Hartleys depending on extent. they make a very valid point in that bthe first well has SEVERAL target zones so not all or nothing and if successful, greatly enhances the value of the other 2. I dont care if it takes 13 wells to prove a CVN mark 2 result cos I like the sound of that "buck " possibility.
    Strong buy on current retrace for mine and my nets will be out in wait for more core, tho shouldnt last sub 8.2 for long. Its already November next week.
    IMBOOC
 
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