re: Ann: Rialto Signs Agreement to Farmout WA... Yes Raks this does all look like abit of a 'deck clearing' exercise with Arbuckle gone , WA291 gone , and WA399 farmed out. Making some room for an African elephant perhaps??
The 399 farmout is indeed good news , thanks for the link to
Jacka Resources , they are talking mean reserves of 50mmbo vs Hartleys report 2 years ago valued the 50% holding at a risked $14m based on only 6mmboe! You cant ignore the nearology to Chevron/Apaches Pyrenees development , couldnt get much closer!
At least we should get some press now. No going back to sleep now guys!!
DYOR
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