AGM
posted on
Dec 10, 2014 07:32AM
SA
Revised shale gas programme to be submitted by 27th Feb 2015. SA government then said license SHOULD be issued by June. They have a farm out agreent that will take a week to sign off once the licence is issued. Philip was questioned on that and confirmed everything was in place and was just a case of signing off on it.
Aus
Drilling will begin in June 2015 and have 6 months to drill 3 wells before weather changes again.
To be honest nothing revealed that we didn't already know. Same timeline as last year, same price per acre used as last year so nothing changed there. Still 3 years before we reach appraisal. Still a waiting game for Hungury as they look to the Deep Play over next year or so.