Thought the team here might enjoy this mock ann. I wrote on Wednesday, but decided not to post given the thread had started to deteriorate into a discussion about motives. I'm not always right, but got a chuckle when I read the Business Update today after I had written this a couple of days earlier.
"I would like to ann. substantial developments in our premier Seychelles project. Over the past months we have been in intensive farm-out negotiations with a number of super majors, as well as continuing unsolicited interest from other parties on an on going basis.
What has become very apparent is that we can create a significant increase in value of the Seychelles acreage by having complete and comprehensive 3D seismics of the 31 leads. With our strong geo team we are going to commission 3D seismic studies on the 4 strongest leads, our interpretations of the results will strength our farm out negotiation position and maximize value for our shareholders.
This programme along with our WA world class asset......"
Take care all and have a good weekend.
QFY Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
