My take - wouldn't any party SK E&S or other want to make sure that they firstly have sufficient gas in commercially proven wells before committing to/ or taking up an option in TS. To my understanding this is yet to be the case in any of the permits closely surrounding TS..... To put it simply these companies would want to make sure they have the cake before they buy the icing, otherwise what's the point.
There are a few potential cakes cooking at present that's for sure!
We keep waiting... how long we wait vs how long our cash can last withou serious dilution from a capital raising is the question... hopefully long enough. Would love some positive news on WA454 farmout. Anyone know when Seruway is to be re-offerd for farmout now that further 3D analysis is to hand, or is this now over to our corporate advisory friends at RBC to handle?
KK
MEO Price at posting:
6.7¢ Sentiment: LT Buy Disclosure: Held