Hi folks,
Cyrano and most of what we hold are chess moves and strategy for the very reason we are cash poor at present IMO.
I did bring your attention to TAP and thier taunton well which is undergoing wirline log results at present. They are in that with Apache and in similar area to Cyrano. If they prove it up it could help Cyrano greatly.
I do not believe that anything is on hold and progress on everything is being worked on by our management. I accept that not much moves in a day or a month or a year when we are working with public companies, governments, environmental requirements and traditional owners.
OBL remains a risk play, happy to be in it with the rewards that could come out the back.
If it fails I just buy as sail boat as I may not be able to afford the fuel for a powerboat anymore.
I also note that when oportunity has arisen to attend company meetings or talk to management I have walked away confident in the people and their passion for our company.
Clearly the selling off has stopped.
Cudeco1
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