FatTony.
What do you think he would be doing in Sydney, checking out the harbour bridge? Something important for the company no doubt. He was also in Singapore recently.
John is not a director on other companies, which is another plus. A very experience management team.
The stock price has been racing ahead of many other oil speccies for the past few months.
Just a reminder of why there are people that believe in the Central story. Part of an interview with John Heugh.
"First of all we will have an extensive
drill programme in 2008. In
the first instance we plan to do four
conventional and three Coal Bed
Methane wells within our largest
licence areas, the Amadeus Basin
and the Pedirka Basin. The three
last-mentioned ones will build the
beginning of a flow test programme,
to address potentially recoverable
gas resources of around 34 to
70 trillion cubic feet, which have
been estimated by independent experts.
Two of the conventional
wells – Blamore 1 and Simpson 1 –
shall address – at first step – a resource
of 260 million barrels or
undiscovered oil initially in place,
which have also been estimated by
an independent source. Two more
wells at Mt. Kitty and Ooraminna
shall allow us to address potentially
recoverable resources of 2.5 trillion
cubic feet of gas, helium and
condensate. We are the first company
for 30 years that is making a
significant onshore drilling programme
within the Northern Territory.
The drill campaign plus
major seismic work will be continued
in 2009. Altogether we have
identified 200 potential drill targets,
so we have much work to do.
www.rohstoff-spiegel.de 28/06/08
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