RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE IR (Brian) kindly came back to me very quickly on some questions yesterday re; the next steps.
- Data room with First Energy Capital in London opens begining of September.
- Permitting for TSB-3 is in progress.
- Expected initial production of 3,500-4,000bopd by mid-2013.
- MIRA now hope to move of contingent resources to reserves as quickly as possible.
(required internal and external approvals should be in place or determined to be forthcoming, including environmental and governmental approvals. There also must be evidence of firm intention by a company’s management to proceed with development within a reasonable time frame, info from SPE.org)
Not sure on the current price action, but i will hold for sale or TSB-3. I think there is value here, but i also have no requirement to access these funds anytime soon, so everyones situation will be different. GLTA.