Audax has now got two wells fully funded.
the quality off the farminees are fine, they have money in the banked and have already paid deposits and a fair amount off back costs.
both companies went through a very stringent process before making the decision to jv.
we are 10 weeks away from spudding a well with a potential that is rarely seen in such a small aussie company.
From now until spudding i would expect we will see some strong buying with a spike on spud.
Company is expecting to see a 100+ metre oil column.
paa farminee, page-24
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