Benmoff, I was taking a good look at each of the companies projects and I discovered a few issues with Yellow Rose.
Firstly in an exploration update on 11th April it states that aquisition of the 72sqm 3d seismic survey is now underway.It also states that Antares has leased and optioned 19000 acres with SIDC at 50% working interest each.Then it goes on to say that the cost of the survey is to be split 3 ways between Antares ,SIDC and PIONEER RESOURCES.
Who are Pioneer resources and why are they footing one third of the bill?
In the annual report it states that Antares and SIDC are funding 50% of the aquisition costs of an approximate 61 square mile (39000 acre) seismic survey.
How many square miles (and acres) are they actually surveying and why is PIONEER RESOURCES involved?
Maybe this is one for the AGM
All the best.
yellow rose.
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