If i am reading this right, alara will be paying itself for drilling services in oman.
Borrow money from bank to pay itself for drilling its own resource. No wonder the directors have such substantial positions.
Has future dividend written all over it.
Of course, the market will probably ignore this and keep asking "where is the license?"
I wonder who all the new MDO JVs will be getting to do their drilling services for them?
Ann: Joint Venture with South West Pinnacle Exploration, page-2
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