I really hope they can announce the partner in their quarterly statement. For a company that has assets in what appears to be in the sweetspot in one of the largest shale plays to emerge out of the US, they are bewilderingly taking their time to get a partner. For the sake of around $10m they could extensively frac and test all their existing wells, yet the JVP lies dormant, waiting for somebody to come along and put up cash. Considering the scale of the investment being made only kms away from their leases, the JVP have a lot to answer for if they don't announce a partner in the coming week. I for one will be re-evaluating my investment in light of that situation whereby they have failed so far to attract interest in what is supposedly a huge asset.
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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