RE: Any plans to drillwas told at the meeting that drill planning on the COAL property would commence once permit is received....apparently Manitoba permits are 5~10 times more expensive than Saskatchewan permits and take approx. 2 months to process. Our application was made in early May so we can potentially see granting or permits in early July. CEO confirmed that financing will not be needed and that given GXS drill results, they would only need to drill 150m deep so not very costly neither.
oil & gas drilling will require much more $$$ so management will think it through very carefully and decide the best route.