AOK 0.00% 0.4¢ australian oil company limited.

Borba Drill

  1. 9 Posts.
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    When is this expected now? Approvals were in December if I remember correctly. Last raise in August has surely been used up by now, let alone cover our side of the drill - when's the next raise/finance package to drill Borba going to be announced? Gas prices have fallen so I wonder if the economics have made parties rethink this one for now. To be balanced I think the dry well cost of $4.3million will fall as more rigs become available during this downturn...

    Still 16 potential gas bearing zones. Dempsey produced 1mmcf/d from the shallowest so that should be the minimum here, right? Definitely potential here but I guess you could say that about a lot of shares right now...
 
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