GREY:SMBZF - Post by User
Comment by
kjs4381on Nov 02, 2015 6:33pm
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Post# 24251740
RE:RE:RE:Ongoing funding to operate SMB
RE:RE:RE:Ongoing funding to operate SMBNo it won't go that way,it would have already happened if that was their plan. The people at Essel happen to like Simba's management and are counting on them to help with planning odf the drill program and the securing of the other PSC's.
Most likely some kind of financing that will help bridge the time from now till drilling starts, they could do it in a number of ways.
I think we are very lucky in having a partner in all current and future PSC's, look how long we waited for a partner in Kenya and now we don't even have to wait a minute for a partner in the others. Yjat's HUGE.
So it's taking a bit of time to get everything where both Simba and Essel are comfortable but once we start with the 2D seismic, this train will be picking up steam and things will come on a more timely basis.
JMHO