Hi HC stx'rs I specifically asked about Sadie. Whilst the operator is trying to save it at best it will be just above break even. STx have given up and in fact are considering reducing the exposure there further. The dry hole cost was 2 million
Overall I thought positive and a very aggressive 12 months ahead with high upside on any of a number of plays. Not yet fully funded but options to fund are well advanced. I read between the lines here and can see growing partnerships with beach senux and even our new independent board members co dte. Just my opinion though but funding news and results from our latest high impact drill which is at TD are very close.
Cheers
Ann: Chairmans Address and AGM Presentation , page-5
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