GREY:ENGFF - Post by User
Comment by
Columbus1494on Jun 30, 2015 12:04pm
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Post# 23881197
RE:RE:MD&A
RE:RE:MD&AIm not giving up yet.There was a bid round for some hydrocarbon exploration lisences in Albania recently.The results will be known mid July.Could be that we then will know if Columbus Copper acquired block 8.This month we will know if there will be a deal with Clumbus Copper.
If there is a deal I think some other company in Columbus Group will farm in to Lotshi.
Lets say 50% interest for them paying all the costs for one well.Earlier that wouldnt have been such a good deal for Energulf but now any deal is good.
I know there are other companies interested but they could be hoping that Energulf will lose the license and then they will get 100% of Lotshi without paying.
If nothing else works they could try a pp to drill all alone but the dilution would be very high at these levels.In that case maybe it would be better to lose Lotshi than to drill.
Very unsure situation,I think we will know this or next month.