ann: 2nd nash well a success, reserves delay, page-32

This Ann was a juicy little carrot , although it has left me pondering on what else could be behind the delay .

Maybe I'm MAD but here's my thoughts

In the rbs presso it clearly states Groce 182 was spudded and drilling will be underway shortly.
My way of thinking is if you were to release your reserves within two weeks then this well would have been completed and factored in?

I keep coming back to one thing In the presso for Nash clearly highlighted in red- Negotiations underway for additional acreage !

Now if I were negotiating on adjacent or nearby land and was close to getting it across the line would I want to release a reserves report we had just had carried out on our existing acres that could have the potential to increase our purchase price on new acreage ?probably not !

Could there be an additional purchase coming ?

Or have I lost my marbles ?


MGT have continued to impress me along this MAD ride and I'm sure they have plenty more aces up there sleeve
Looking forward t the next Ann with whatever it brings , one thing for sure it will positive !

IMO of cause