PEN 4.55% 11.5¢ peninsula energy limited

Bluntaxe, thanks, that is quite a significant amount indeed....

  1. 1,684 Posts.
    Bluntaxe, thanks, that is quite a significant amount indeed. Maybe there in itself lies another good reason for the fastracking!!!!

    JJ, I don't know how they could do any sort of resource announcement on all of Lance soon, as just by the number of holes they are having to drill at Ross and Barber in addition to the nubeth data, tells me that a Lance intial Jorc is still a couple of years off. Thats not to say that another resource estimate update is not on the cards though.

    But to be honest, all that matters atm is getting over ten million lbs for Ross and Barber. Because we know that, that will enable them to utilise YAs funds for getting to production if they want to. And once in production, then thats it, they are away in self funding their own additional work.

    NK
 
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