The question does need to be asked why are we risking 7 to 8 million dollars to find a best case (in terms of resource) 25 million dollars worth of gas.
When discounted for risk RGN almost does not seem worth it. especially on the basis that we will have to wait until possibly the end of next year befor RISC will be able to tell us that we have found any worthwhile gas at all.
Why didnt we just use that money and cash flow to pay off the plant?
And then drill without all the layers of commercial pressure we are now dealing with
GeniuS, can you suggest the commercial sense that has lead our current board to sign off on this one
Regards
Viney
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