REY 0.00% 5.5¢ rey resources limited

Ann: Quarterly Activities and Cashflow Report-REY.AX, page-2

  1. 11,903 Posts.
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    Now this is interesting. The Derby block work program was extended, meaning that REY will now have to drill 2, yes 2 wells in CY17. How they hell are they going to fund 2 wells, especially if they end up with 100% of the block due to OBL being basically broke...? Oh yes, they mention farmouts.... to who I wonder, pray tell another 'Chinese firm'....
 
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