As I said, I don't really know, but this isn't bad, as the JV now has some form of cash flow in their own right, and if this can be sustained long enough to explore their primary target and others, the need for and cost cash from outside has reduced.
And don't forget, that it is only going to cost $US400K to bring this online; that's not that much money, and once the production equipment is there, other wells just keep tapping in at no extra cost.
The real question is, what is this new reserve they think they may have just clipped?
And I've got no idea when we are going to find that out, can anyone help with pridicted time lines?
Cantech
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