re: Ann: Farm-out of Interest in PSC, Offshor... Danpech
This was supposed to be our"cornerstone" investment.
Also why no information on Balai Cluster.
What was the results of the EWT? Did the test all fields?
I bet HZN Management were briefed so why not Roc shareholders.
Now it appears initial production will be 2,000 bpd gross(did I get that right) against previously reported 4000 bpd. At that rate its going to take a long long time before we get our money back, which might have something to do with the need for the farmout.
Ann: Farm-out of Interest in PSC, Offshore Malays, page-3
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