Only going to watch the markets for 30 mins today but some vgood news. Drilling to commence 14th June.
http://www.asx.com.au/asxpdf/20100514/pdf/31qbgsd8pfhbh1.pdf
Extract:
The Board of Augustus Minerals Limited (Augustus or the Company) is pleased to announce that it has been advised by the operator of the Silverwood prospect (the Prospect), Kindee Oil and Gas Louisiana LLC, that the spud date of the Richardson #1 well has been revised forward and is now scheduled to commence drilling operations around 14 June 2010. The Richardson # 1 well is anticipated to take 19 days to drill. Site preparations are expected to begin in the coming week, permitting is under way and a rig contract is being prepared with Crown Drilling.
Fingers crossed we get some positive results in June.
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