Post by
nozzpack on Feb 07, 2022 8:47am
Any Day Now
I fully expect that RK assets will be sold.
Hard to value but between $5 m US and maybe $12 million US.
These tenements have no 43-101 so one must guess.
But three wells for which test results are available showed excellent gas flow rates ( 500 boepd ) .
Wells are shallow and don't cost much to drill.
Anyone scope these RK gas fields to estimate with greater precision their asset value ?
I assume for no particular reason that NAFTA will be the buyer.
So, cash out to shareholders or use their cash for new ventures outside Ukraine?
The latter would provide better pop in share price than ROC IMO.