I think its very appropriate.
We all are hoping that the results are bigger/better than original estimates; and very well could be. But 'Hope' is not a sensible corporate management/planning philosophy and we have all seen junior oilies struggle and stumble between $ watering holes based on 'hope'.
I like the thought that CN will be able to sit down at a JV meeting and say "Yes, we can afford our share of a 2-3 well appraisal program" rather than being pushed into a 'must take our deal or leave it' situation.
This'll make FAR stronger to be able to look at the next value-plus proposals.
All good,
Cheers
Ann: Trading Halt, page-14
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50.0¢ |
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Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 52.0¢ | 48.0¢ | $145.7K | 291.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13154 | 49.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 6926 | 1 |
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