The Company has engaged independent gas certification group Sproule to provide an independent evaluationof the gas reserves and/or resources of Exploration Right 271. The area of ER 271 is 1,287 km2 with the totalexploration rights (and applications) of the Company being 6,998 km2. Sproule’s engagement to undertakean assessment for certification of maiden gas reserves was progressed to its final stages within November2022 but due to a re-configuration of the plan for GTP production at Amersfoort with associated number ofwells and size of generator unit, the report was suspended pending updated information from the Companyand is anticipated to be issued during Q1-23.
Unless the report is issued within the next few days, they have missed their deadline - two weeks after committing to it!
KKO Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
