RE:how the f…k
They have 2 misses on ground they hold 50% interest in, so this is not good news and worse than I did expect to be honest. At least the first well seems to be economic and we might get our money back.
On the other hand it is good to know that all their exploration expenditures this year will be covered by their 30% stake in wells if I got that right.
This would mean that the rest of the wells are working in theri pockets and give them money to buy back shares and build up a cash reserve.
So it looks like we have to wait for Romania to get it going. :-)
Just my thoughts. DYODD
carinthian