Mschubach As a result on 15 October 2021 your company was able to announce that it had farmed into the Cerberus Oil Exploration Project located in the core oil production areas of the offshore Carnarvon Basin, Western Australia. Your company successfully completed a small capital raising of $2.74 million and is commencing steps to prepare for drilling three (3) oil exploration wells within the Cerberus Project Area. The shallow water projects will enable us use of jack up rigs and have access to support infrastructure.
why are they drilling in the ocean when they have been promising for over 5 years that they are going to drill on their 100% holding in (pl2 block ) ??????????? you need to read how much money they are going to throw for the ocean drilling .over 7 million if i want ocean drilling i would just buy canarvon petroleum. they own alot more and they are cashed up with 2 wells drilling this year . also kelso doesnt drill wells he wants everyone else to drill ..anyway thats my response .i dont hold any shares .
BUY Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
