Hey guys - hoping to make it to the meeting on Thursday as I work only 500m from ASN head office - BUT - just in case I can't get there.....my question is;
Will the drilling of the additional 4 targets take place once the results of GB2 are known and if so;
a) are these targets old oil wells also or will they be full depth drill?
b) are we fully costed for this drilling (either scenario)?
Reason I ask this is the last ann regarding being fully permitted for the drilling of all 5 holes doesn't specifically mention whether these holes are old wells or will be new holes. Also I cannot seem to find whether these additional 4 holes are fully funded.
My hope is that we return results of >500ppm in GB2 (Ideally >1000ppm) which will push the SP up enough to minimise dilution should we require additional funding for these drills, unless we fund through a debt structure via zhongfan.
The permit has approvals for all 5 holes but the funding of these holes I believe isn't there at the moment. Happy to be corrected.
Hope to make it Thursday and maybe meet a couple of you.
Good luck all
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