re: about to blow From the reports ive read, they have 16mill in the bank, very nice, but at the rate there going its going to be all gone very soon.
They had 90% of Altostratus, a lease held back when they were unlisted, and west oil had the other 10%, it was going to be drilled a few years back, but no rigs were around, it was going to be the 3rd drill of west oils program, the other 2 were duds close by, should of said it all.
Why didnt they farm it out? it says it cost them 2.5mill(10%AOE) to drill, thats a lot of money for a Stirke to cough up for 1 drill.
They have 2 more drills coming up soon, i think ill take a watch and see approach.
about to blow it's wand, page-16
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