Rec'd tonight 8.30pm WA time.
WER to hold a 40% stake in Sambuca by paying the expected $24mil costs of drilling the exploration well.
BIG 'and bold' statement by WER......and a long time coming!
I choose to take this as particularly exciting news keeping in mind the potential damage to WER's numerous 'other ventures' if they do not follow through.
All opinions welcome......for full press release go to
www.upstreamonline.com/hardcopy/news/article192544
Beeppman
world energy resources press/media release
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