Taking it to the streets. Stockhouse.com: Taking it to the street
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APIMEC meeting in Rio
 

OK - this is what I´m hearing from the on going APIMEC meeting that MM is attending today in Rio.

H10 is at 2100m which is 1st target depth. Results expected in 1-2 weeks. Apparently MM sounded ánimated´

2 farm out deals are in the pipeline - 1st is done but not signed, 2nd is still under negotiation but expected to close before year end.

MM says they are best deals he has ever done  - apparently. 1 or both are big US outfits.

Wingat will be drilled 1st with 23% COS (PEL 23) - you have already seen todays D&M update numbers.

Murombe will be drilled 2nd with COS of 23%.

Meerkat will probably be drilled 3rd

Drilling and farm out of 3rd and 4th drills will depend on the results of 1st and 2nd - seems reasonable.

Rig (Marianosa Transocean) will be in their hands in 7-10 days.

Will update later if I have more relavant info.

Griz.

 

 
 
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