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who sold today??, page-19

  1. 10,617 Posts.
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    Sorry Acturtle but I have no idea - with CLK's alleged experience it's a pity they didn't forsee that the rig they were using wasn't the one for the job - seems like a case of them trying to do a job on the cheap but probably ends up costing them more as the 3wk program turned into 6weeks and they still didn't get the job done.
    We have to remember that ICN is only fully funded for the first $US5mil of CLK's drilling costs in this program.
    We got $A100k from STO in March & we'll get $A676k from them in May when the Stitch lease is renewed - be interesting to see the results of the BC production test this week as that could give us flow rates & maybe a timeframe as to when it will be in production as we'll need some more money to finance our 14% share in the next two wells.
 
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