So,
The tenements in the UK are not worth pursuing.
They require to put a new mandrel down A2 and re-test gas flows. How long will that take? Yet another six months? And will the new mandrel work or will it get stuck like the original one did?
How will they pay for this? Yet another hugely dilutive capital raising? Even more dilutive than the last one?
I lost a huge amount of money on this dog. Sold out at a massive loss - after they promised so much. Glad I sold out though, because if I was still holding I would be expecting to lose a whole lot more tomorrow!
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