Carcetti Capital Corp V.CART.H

RE:June Presentation …Examining Opportunities

[nozzpack]

The June Presentation leaves one with the impression that the RK field remains their central focus.

Basically, this is the same as Chen Lin who in February  called for Cub, subsequent to receipt of cash from its sale of Eastern Ukraine assets,  to become a cash rich company enabling it to focus on its assets in Western Ukraine...
The eastern conflict aside, realizing the full value of the RK field requires a suitable NRU so that the gas production can be sold directly into the pipeline or they drill a sidetrack to RK-1 to determine if the deeper dry gas can be harnessed .

Given the earlier disaster with the Seppo NRU, I don't see than attempting that solution again.
Then there is the higher royalty rate albeit stated as temporary.

So, I see them using their many connections to make an acquisition of a private oil or gas producer just across the border in Slovakia, or very close to their home office in Texas where natural gas prices are also very high.

aimo