Agm
posted on
Sep 30, 2013 05:55PM
Went to agm today, the time on the announcement said 1100. I thought it was 1100 Dublin time, silly me had to wait a full hour for the meeting.
Everything very positive presentation same as 2 weeks ago.
They are to begin testing Hungary in nov.
Beetaloo advanced discussions lots of companies interested likely deal in "coming short time" less than 3 months.
They hope to be left with c 35% after new farm in. They are not talking to hess.
Stated we would be at the undeveloped stage valuation in 2/3 years!
Karoo new regulation framework imminent hoping for approval next month, did say that they have being saying that for the last couple of months.
Spoke to POQ on the way out and he reiterated about undeveloped stage in 2/3 years. this would value the stake in beetaloo at over 2000 mill, happy days!