junior oilers 17/18 may, page-22

  1. 10,726 Posts.
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    Just like to mention SUR.They have Kilauea in WA-257P that is due to spud within ten days with Apache as operator and Mitsui(Wandoo) as the only other joint venturer.
    This is a very large gas play(near Corvus) and SUR has a 7.5% interest-SUR currently has a cash asset backing in excess of 9c,so there is little downside even if this is a duster as it will only cost them 0.5c for their share of drilling costs.
    I hold SUR,FAR,FARO,PSA in the oilers.
 
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