Originally Posted by
Sehnsucht888
No Oil this year... Some pastries and coffee, but I couldn't stay around.
Pretty un earth shattering. Mostly a reword of what was in the publications, and very little in detail to the questions - pretty much as you would expect I suppose. They can't suddenly come up with lots of detail not previously provided.
Digger stood up - he felt obliged to, but nothing really to say.
Andrew Stewart stood up also, and asked a number of questions with little actual content in the answers - see above.
The move into Romania had some more information, or I hadn't picked it up before. I think it was a reasonable summary of events, and gave some dates for that venture.
In terms of FX hedging, and what is planned with Pike, what have they been doing, that was all the same old story.
FX - expenses are in USD, so may as well keep it there, they aren't FX experts, and aren't going to speculate.
Pike - will do what they see as best for the shareholders, for now thats sitting on it.
Doing - evaluating things. Nothing worth spending serious cash on - they want top assets, not riskier cheaper speculative options. So the cash just sits there.
Lots of upcoming drills.
The big prospect Barque got asked about. They have 40% now, but looks likely they will farm out some of that to get others involved on the costs I guess.
I should have asked about Bahama's but didn't... rats.. That hold many questions...