GREY:ENGFF - Post by User
Comment by
Columbus1494on Jun 25, 2015 12:12pm
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Post# 23868230
RE:RE:RE:What is Raymond up to?
RE:RE:RE:What is Raymond up to?I think Columbus Group is interested in both Lotshi and 1711.Before commiting they have to control Energulf in some way.
Its unclear if there will be a deal before the end of July betwen Energulf and Columbus Copper.
There are no news regarding that Columbus Copper has been awarded block 8 in Albania and no news regarding them recieving en exploatation permit on the chromite project.
The proposed deal seemed good imo.If the conditions are not met before the end of July I think there still will be some kind of deal but there is a risk the conditions could be worse for us.
Im hoping we will have a deal as proposed and after that its not impossible another company in Columbus Group,for example Columbus Gold will farm in to Lotshi.(They have a history of deals like that before).They could also be hoping for yet another extension on Lotshi.I think its difficult to find another farm in partner as long as there is no new oil legislation in place.
If we dont have a deal between Energulf and Columbus Group we can only hope for extreme luck
to solve the situation...