Hey mate, yep that would be great if they could find something that is a hassle free purchase/transaction! as Q has mentioned before, there has been a heap of problems with completing acquisitions from Angola with a company in the UK! (still ongoing I think?) Not a good look for things to drag out in that way as it puts too much pressure/loss of confidence with the Co and shareholders!
Personally I would love to see them go full pelt to getting Killa into production as soon as!!! and testing other wells.
My thinking is we are ready to go! but we will only go into production when a SPA is signed sealed and delivered which makes complete sense because it has to be transported as soon as it comes out of the ground due to keeping it at 36degs we can store some on site with our heated tanks but only so much.
So basically we are waiting for an offtake agreement to be signed!
Good thing is we have Inna/Santos going into gas production within the next three months so that would bring in some much needed funds and hopefully get some long awaited upwards movement on the SP! Even @ $20K a day ....$140,000 a month .... $1.68mil annually ...that is a nice healthy return!
Have a great weekend all .... Cheers
ROG Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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