decent deal... the late 2mill back costs can cover almost all of max 10% cost of drill which would be about 3mill...
they get 4.44mill aud or so once local government signs off, and that is about .3cents per share which is how much the sp has jumped up on the announcement :-))
the negative is obviously the drag in timing... first 3d seismic to happen this year maybe !! then to get to drill it will be late 2015 at the earliest...
QFY Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
