Wonder if we will hear anything on this in June. Below from april 27 ann.
Tesorillo is a large
gas prospect with a Prospective Resource of up to 2.3 TCF*, a currently defined work
programme of ~€3.8m and funding from AIM listed Prospex Oil and Gas, this represents a
very attractive opportunity in its own right, particularly with a magnetotelluric programme to
commence in June ahead of drilling next year.
Something else that grabbed my attention.
SIH will have the option to invest up to $500,000, as preferred capital convertible to repay
outstanding liabilities in return for a further 8% interest in SEI. SIH may elect to convert this
preferred capital no later than 28 September 2018.
Now with the free options expiring on Oct 2018 is this date just a coincidence or could there be more to it. Maybe I'm looking for something that is not there.
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- Ann: Uruguay Project Funding and Tesorillo Acquisition
Ann: Uruguay Project Funding and Tesorillo Acquisition, page-228
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