unfortunately I'm in Aust as well, but was checking the LSE when the annoucement was released 13.55 uk time. I'm also hoping that someone went to the AGM to find out how things went/gossip! Cant wait for the half year results to check out balance sheet. reckon there earning half mill a month but costs? Blew one million in usa dry well and will spend seven million plus acquiring PIM share of Zeus. Then their is the cost to drill three more production holes in july, plus they must drill some holes in the other leases or hand them back. Anz will loan 20 million and other partners have the funds to complete the drilling to production so not in a bad situation.
RHE Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
