Fiscal TermI am not sure what you are asking.. Fiscal term for TransEuro reporting financial statements or what.. All their reports are available on the website. Royalty rate for what? Sorry, not sure about the question.. Please be more specific
As far as the drilling goes, I spoke with their investor relations Chris McGillivray. He is very excited about the results. He realizes there are a lot of share outstanding which is holding the price down. This week they will be doing more interval testing and next week he said we should now the complete results for the remaining 4 intervals/zones.
As far as where the company is heading: Once the results next week are in, then he said they will get the attention from companies, government, etc.. Right now everyone is waiting for the results whether it is viable to put it in production which so far it looks like it is..
To put in production however, the company will need to do more financing and they are currently working on a plan as to how to achieve this without causing further dilution to the share structure. I asked them if they are looking at joint ventures as an option he said yes... but again everyone is waiting for the full results before jumping on the train.
So anyway, basically be patient and we should get a better picture next week is what I think. Next step will be to focus on financing for production