I wish we would get a solid update like this one i
Post# of 39368
Posted On: 10/17/2012 12:07:49 PM
I wish we would get a solid update like this one instead of silence:
William Kelleher, the chief executive of New World, said: “Having reduced the geologic risk of our Belizean prospects by 60% through a successful multi stage seismic programme and now commenced drilling, we will be in a position to judge whether we have made an oil discovery by mid November 2012. Meanwhile in line with our strategy, a similar de-risking process at our Danica Jutland and Danica Resources projects in Denmark is proceeding according to plan and we expect to announce updated Competent Person’s Reports for both projects in Q4 2012. With this in mind, we expect a high level of news flow for the remainder of the year, and I look forward to updating the market on our progress in the weeks to come.”
William Kelleher, the chief executive of New World, said: “Having reduced the geologic risk of our Belizean prospects by 60% through a successful multi stage seismic programme and now commenced drilling, we will be in a position to judge whether we have made an oil discovery by mid November 2012. Meanwhile in line with our strategy, a similar de-risking process at our Danica Jutland and Danica Resources projects in Denmark is proceeding according to plan and we expect to announce updated Competent Person’s Reports for both projects in Q4 2012. With this in mind, we expect a high level of news flow for the remainder of the year, and I look forward to updating the market on our progress in the weeks to come.”
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