Haven't posted for awhile but been monitoring this slumbering giant. This acquisition is brilliant...fills in whats left of the jigsaw puzzle resulting in:Not only that a mere $1million and escrowed equity are nice terms and beneficial to both parties.
- an immediate upgrade of the resource
- brine reservoirs already known to ASN
- availability of existing wells for re-entry including the drill already before BLM
- avoids the huge amount of time and effort resultant from reservoir and production allocation with Strategic Lithium. Believe me having been in the oil and gas industry with shared reservoirs the amount of wasted effort and time with presentations, meetings, communications, arguments with adjoining contracts would have been enormous and
- more efficient use of infrastructure across the whole land holding.
Well done ASN and @the technician as i do remember his original comments. I didnt should you down by the way!!!
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Ann: Anson to Acquire Strategic Lithium Project in Paradox Basin, page-59
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