yes mr rat, there are one or two followers of this stock waiting for the action to start. Hopefully proving up the CSG est at 300bn cuf will draw in an energy co to develope, have heard talk of need for gas powerered station in south island. The co have enough cash for current CSG campaign but will need farm in partners to explore other O&G permits.Particularly exciting could be the drilling of prospects in offshore permits in foveaux straight, several in region of 100-300mbo in place possibly.Need partners, and a rig may be available if and when Exxon drill in foveaux. Also earmarked, are a large gas prospect onshore southland and a 300mlb oil prospect, both drill ready but need farm -in.
I feel the stock is worth sticking with for the CSG alone as results have been fairly positive so far.
Are you thinking of investing?
Regards
Pixby
LMP Price at posting:
9.9¢ Sentiment: Hold Disclosure: Held
