Gday pashcal, u seem fairly keen on this one so I thought I'd try and look into some more research and c if there wasnt something more on the fundamentals side.
Please note the following from the ann:
The relevant tenements are presently controlled by Larca Pty Ltd, a company controlled by Mr John Risinger and Holloman Corporation Inc, a company associated with Mr Mark Stevenson, who will arrange for the transfer of those tenements into San Saba and Springfield prior to settlement. It is a condition of completion that Mr John Risinger and Mr Mark Stevenson be appointed to the board of RMG.
Note Larca Pty Ltd and Holloman Minerals Ltd:
Now note the Mineral exploration Licenses Applications 6 June 2007
Larca Pty Ltd 2006/00425 Copley Area - Approx 50 km E of Leigh Creek 466
Larca Pty Ltd Copley 2006/00443 Lake Frome area - Approx 150km ESE of Leigh Creek 583
Holloman Minerals Limited Callabonna, Strzelecki 2006/00493 Wearing Gorge area - approx 85km SE of Leigh Creek 122
Larca Pty Ltd Copley 2006/00533 Lake Frome area - approx 120km ESE of Leigh Creek 855 These ELA'S are already known, what could be of interest is these sites that were applied for on the same day but not announced. Are they for RMG?
Holloman Minerals Limited Frome 2006/00444 Hawker Gate area - Approx 190km SSE of Moomba 226
Holloman Minerals Limited Callabonna 2006/00445 Tilcha area - Approx 150km SSE of Moomba 588
Holloman Minerals Limited Callabonna 2006/00446 Whitecatch House area - Approx 160km SE of Moomba 292
Holloman Minerals Limited Callabonna 2006/00447 Artracona Hill area - Approx 100km South of Moomba 275
Holloman Minerals Limited Callabonna 2006/00448 Bollards Lagoon area - Approx 100km km Southeast of Moomba 558
Holloman Minerals Limited Frome 2006/00534 Innamincka area - Approx 35km east of Moomba 936
Holloman Minerals Limited Innamincka, Strzelecki 2006/00535 Cameron's Corner area - approximately 80km south east of Moomba 917
South Australia is the nation's largest onshore oil and gas producer, with production dominated by the Santos-operated Moomba field in the Cooper Basin in the State's north.
It is also very interesting that a farming agreement on the 13 December 2006 was made between Australian-Canadian Oil Royalties, El Sakhai, Holloman Oil and Gas Limited and Holloman Corporation. PEL 108, 109 and 112 have just been suspended from 4 March 2007 to 26 July 2007.
Now this is really starting to get interesting, espec if this is for RMG. I will post an article.
RMG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held