PV1 6.25% 3.0¢ provaris energy ltd

nr, page-14

  1. 676 Posts.
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    Hi David, easy answer is that they don't have the funds to do that, nor would it be profitable to put down bigger drilling rigs to come up with completely nothing if a smaller quicker operation could have told them they never had a chance at that spot. More or less they're doing this to check the spot for signs and of course to keep the leases which requires them to do just that.

    Hopefully they end up with another funding to be able to drill that block themself, or at worse a bigger jv partner comes on board like AWE has on their other lease
 
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