CND 0.00% 3.1¢ condor energy limited

Looks like the SSP is now finished - now just a matter of...

  1. 365 Posts.
    Looks like the SSP is now finished - now just a matter of management getting the surplus stock placed. Should not be difficult as there will be plenty of local (and I suspect Canadian) firms having a close look. After all, where else do you find a drilling with the following features:

    * elephant target with 4.2billion barrels on the line
    * Canadian operator already cashed up. Raised $50m with an extra $42 above needs.
    * operator with the technical background and resources to operate a horizontal drilling (the appropriate technique for this target)
    * Energy 'virgin' country. If BKP hit black-gold here, the potential in the rest of the prospect for BKP is mind-blowing.
    * BKP have partly raised funds and one assumes, given a couple of weeks, will have another $9m in cash.

    Even if rain delays drilling a little, the basic features of this project remain exactly the same.

    I smell exciting times ahead!!!(or is that oil I smell???...same thing!)
 
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