AXP 0.00% 0.2¢ axp energy limited

Ann: FPL Completes $5.1m Placement, page-2

  1. 25,339 Posts.
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    Too cheap IMO
    Placement completed at $0.013 per share – a premium to current price of $0.012 per share
    • Very strong demand and heavily oversubscribed
    • Now fully capitalised for ongoing operations at 100%-owned 21,500-acre Pathfinder Field:
    o Drilling and completing Vespucci well
    o Updating Pathfinder Field’s Reserves & Resources
    o Undertaking a 3D seismic survey over 1173 acres (4.75 sq. kms/ 1.83 sq. miles)
    o Progress gas offtake and sales strategy
    • Mobilising to Vespucci well mid-April – Schlumberger deploying enhanced technology
 
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