Updated 2015-05-29 12:41. Published 2015-05-29 12:39
“There are no Swedish company that is capable of drilling in this depths “said Igrenes CEO Mats Budh.
The drilling starts in July and after barely three months is expected Igrene be clear about how much volume and quality Mora Field offers.
“The test will show that our theoretical calculations agree”, says Mats Budh.
First, when tests is clear the company know if it is possible to start Commercial gas production in Dalarna. If everything goes as planned, the company hopes to be in production for 12-24 months
“At best, we be in production for 18 months. We need to raise capital, allocating technology and get concessions of the Land and Environment Court “, says Mats Budh that it plan to sell gas regionally.
Igrene implemented in April a rights issue which gave 8.1 million, it was less than what the company hoped. The money from the new issue will now fund the summer’s drilling and production tests.
“They are not enough to make environmental impact assessment, that we take in the next stage. First we have to show that there are commercial volumes “, says Mats Budh.
Does summer test disappointing Igrene go further still.
” In this case we concentrate on another area. Mora Field is part of our mining claims around the Siljan Ring “, says Mats Budh.
in January sold Mats Budh 10,000 shares and then said that he would replace the camper. Yet he has not found the Fiat Eura Mobil he is looking for.
“I’m sitting right Now in a mobile home, but it’s my old,” he says.
CEO Mats Budh is 6.8 percent of the shares second largest shareholder after Paul Storm, which owns 13.4 percent of the company. Further down on the ownership list are profiles that Mr. Waplan, former president of wrecked Northland Resources and fiddler Donald Moreus and former Boppers singer Peter Jezewski.
No comments:
Post a Comment