Sungar has nailed it right on the head ... MHL has fulfilled there obligation to earn the 75% of PEL 115 .. ( farm ins inculded in there )
Given their 2 from 2 strike rate ,,, Tony Sages interests now may even escalate further given the other similar targets in PEL 115 .. and even the aquired PEL 110 Earning 20% equity by paying 40% of one well costs ...
" PEL 115 contains 30 follow-up oil and gas prospects that have been valued by the Company at over A$66M estimated market value or EMV."
Once we have flows rates probably early Feb .. I would be suprised to see the SP hovering where it is today ...
Good luck to all holders ...
ADYOR
SV
buying strengh growing, page-17
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