yes I agree with you towie but its just a question....can they sell one hole and still retain the rest of the future sites.
So if they got $10M it would 10% of an inground value of $100M as such they then would have enough money to participate in say 10 more wells (their participation costs would be covered) and there would be no more dilution from CR. As you stated the 3D would probably indicate multiple low risk sites once this first one is proven.
Iwould be more worried if I were ADX as grand gulf have the ability to take over opperatorship of the Chorbane and I believe this would be good as I feel that ADX seem to be focused on more than it can handle at the moment.
VIL Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
