"It is considered that in any event a seismic program would clarify the prospectivity of Golden Eagle for robust farm-in interest. "
"The Company has already engaged with geophysical firms in the US to propose a seismic plan and provide cost estimations.
Options are also being investigated to determine what is required to remove remaining frac fluid and to complete Paradox Basin #1 and #3 to bring them into production, now that gas prices in the US have more than doubled over the past year.
As the Company further defines its forward plan for Golden Eagle, the shareholders will be updated."
Golden Eagle progress seems to be moving nicely.
AWD Price at posting:
0.1¢ Sentiment: LT Buy Disclosure: Held