Point to note outside the preso would be Interesting stuff..
Lion Petroleum the private equity backers for 25% split in the whole PEL 115 lease ( farmin for the Airacobra well next - but any of the other listed prospects noted on the PEL 115 lease ) ... laid the coin on the table straight up a week ago as they had an independant consultancy group go over the prospect drill targets and obviously told them to get in. JR flying out to Fury1 site this arvo to monitor the drill ahead to the next stage of drilling ( the interesting part of it ). Other interesting part was a message from Caspian higlighting that a rig is there if we want to use it, for an euqity share .... obviously again .. not a reasonable one - BUT - a break glass in case of emergency if required.
More to come later ...
ADYOR ....
MHL Price at posting:
0.3¢ Sentiment: ST Buy Disclosure: Held
