After a quick glance....JV for Grieve EOR...interesting to see...

After a quick glance....

JV for Grieve EOR...interesting to see whether they take it to NAPE or wait until after the pilot project and reserves have been received to secure a JV partner....

$2mil at end of quarter.. means a cash burn of $800,000 last quarter...looks like low oil price has started to bite...

Kakadu, increased to 40,000 net acres

Short term focus- frontier sands at SDS...could be a quick re entry...might be the best chance of short term cash flow....
Kakadu, looks like they are intending to drill there soon..possibly on a JV from NAPE????
Surprised that Upper Sands were not mentioned in short term focus....either means the short term focus areas were on JV rather than drilling and are expected in the next month or 2 or that the start of the pilot project at Grieve has slipped to a later date....

co2.."currently in renewed discussions" .....looks like co2 is still on the table....possibly becouse Rancher will be unable to take the 70mmcfd it had been allocated..

cheers