Have spoken with the 2 directors;
Nothing much material other than the following:
next report this week but no details whats in it
Still are considering plant and pipeline considerations and costings,
Non commital re hook date due to evolving processes around its dvelopment
Currently accessing best ongoing funding options including larger investors, open to JV subject to price wont be giving it away
Currently working on an economic deliverability document with engineers pertaining to costs for ongoing wells, P3 plant and pipeline
Overall doing everything they can working hard but its a slow process and changes all the time due to other stakeholders
Leonora eventually to be spun off similar to white canyon deal
Directors buy shares subject to their choice, sciano already has a large number of shares
Will refrac in the new year, are having the frac carefully designed and they feel they have it fine tuned, the current deliverability study will play a part in the frac
They are interested to reenter Leadville next year
Presentations made to indivual brokers current and ongoing, no major road show to take place because it is happening now ongoing
No reports on value of company assests forthcoming
Working on presenting a last five year overview for the market which sounds positive
The well was flowed longer than 72hrs, psi before and after not important as oppossed to build up info which is good, well was flowed tested on and off to build up its stability/clean up which was achieved,The psi before and after testing can be decieving due to what fluids can be in the tubing etc
The Gas resource is clearly there and their focus is on unlocking the gas
They expect gas prices to improve from here and this relates to how quickly the P3 comes online due to the economics
confidentiality around tenders,finances and when deliverability study will be complete.
my interpretation of discussions
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