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6.25% 3.0¢ provaris energy ltd

Ann: TTE 2013 Annual Report , page-28

  1. bcsiles
    2,057 Posts.
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    25/09/13
    16:44
    Post #: 12371476
    I wonder if we can farm out our US shale leases. That should give us the cash injection we need, to develop our oil plays short term.

    We have 9 shale leases in Nevada, covering 17000 acres.

    We could also farm out DR11 which we also hold 100% of the lease, in the Perth basin.

    Not sure how much we would get for a farm out, but if NWE keep producing good results,I have no doubt dr 11 will be in demand.
    GEV Price at posting: 5.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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