debt facillity, page-4

hi nk, it appears they are waiting on the drilled cores and its data at this stage. My guess is they will look, perform some analysis and bring on a partner with experience in this area so they can learn. Most suitable would be ENI. If there is 10M barrels at say 40$ a barrel profit even split 50 / 50 it would be attractive and even more so for the operator, ENI? I think though at this stage its about determining what they have, risk of water and pollutants (High) and cost of drilling/ extraction in the fractured limestone and of course the big one, probability that there is actually recoverable oil there. From memory they have around 6 - 7 years to explore under the permit, with a limited debt facility, there is no need to rush. The right partner will be key I would think not only for technical input but for all the other hurdles.