WGO 0.00% 35.5¢ warrego energy limited

Ann: Uruguay Project Funding and Tesorillo Acquisition, page-228

  1. 750 Posts.
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    Wonder if we will hear anything on this in June.  Below from april 27 ann.
    Tesorillo is a large
    gas prospect with a Prospective Resource of up to 2.3 TCF*, a currently defined work
    programme of ~€3.8m and funding from AIM listed Prospex Oil and Gas, this represents a
    very attractive opportunity in its own right, particularly with a magnetotelluric programme to
    commence in June ahead of drilling next year.

    Something else that grabbed my attention.

    SIH will have the option to invest up to $500,000, as preferred capital convertible to repay
    outstanding liabilities in return for a further 8% interest in SEI. SIH may elect to convert this
    preferred capital no later than 28 September 2018.

    Now with the free options expiring on Oct 2018 is this date just a coincidence or could there be more to it. Maybe I'm looking for something that is not there.
 
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