We're never going to drill our share and I don't believe we were ever going do our work on the lease 2013-14. Steve just bought a lottery ticket, if this drill of Shell's is a duster then the ticket goes into the bin. If Shell find gas the Steve will be knowing on their door to sell their lease on. The Steve will have some more cash to hire more experts to look at more seismic, it is all a scheme to keep seismic interpreters and Steve in employment.
The text of the ann. "With the Palta-1 well about to spud, the Company and its shareholders will be closely following the path of a nearby well that could provide significant value uplift to the company - at virtually no little cost to ourselves" is pretty close to the same when WHN picked up the 1/3 share last year.
QFY Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
