Short Term Trading Week Starting: 12 Dec, page-233

STTCOMP 88E, FA Long

Expecting announcement on additional land and then release of seismic showing more conventional
if you think they are going for more acreage announcement will be Thursday 15th December 2016


Sale Dates

• Deadline to qualify to bid – Friday, December 9, 2016

• In-person bid submission – Monday, December 12, 2016 from 9:00 a.m. to 4:00 p.m.

• Deadline for DO&G to receive all bids – December 12, 2016 at 4:00 p.m.

• Deadline to withdraw bid – December 12, 2016 at 4:00 p.m.

• Public bid opening – Wednesday, December 14, 2016 from 9:00 a.m. until all bids are read

• In-person pick-up of bid deposits for unsuccessful bids – Friday, December 16, 2016 from 9:00 a.m. until 3:00 p.m.

• Return of bid deposits for unsuccessful bids – Friday, December 16, 2016 at 3:00 p.m.



Why did they raise $11m with 2 institutional investors on the 25th October when drill for March is fully funded
They have only released 50% of seismic showing top of current land and not lower part were land is up for grabs

DYOR IMHO