Post by
barak on Aug 24, 2011 6:44pm
Anybody still in this?
Good time to get in? Or still too early for the juniors?
Should get a better handle on whether they will need financing I guess. If they can weather the storm without a need for financing, might be a good buy - if not, then good bye. Depends on the duration of the storm I guess. Like I said a while back (to the chagrine of someone), it's speculative.
Comment by
RIG500 on Aug 25, 2011 9:51am
they don't need financing for this year but they will need it for next year and for that to happen, they need to come out with good IP30 rates in the Lochend for Q3 like the one they mentioned in their NR. They could even sell Tableland if they wish to avoid financing and focus on the Lochend if the completion method is tested and confirmed.