I`ll probably hang onto mine for a couple more years...and sell closer to 2008, the time the options and warrants become execiseable....If the information in the Irishexaminer is correct,ie, that one of Islands `Petrolias` 75 day drilling programme targets is 7H (presumeably testing for oil), then the licence extensions, that run out today, must already be in place._ A quick quote from the 2005 intrims.
`In the Celtic Sea the extension to the four Licence Options(extended to today)in which we have an interest has enabled further technical studies to be under taken. The result of these studies are scheduled to be available during the last quarter of the year`
it looks as if the `Petrolia` has been booked to drill 7h as a result of these studies....added to which `Lundin Exploration BV,the operator of the Donegal Basin acreage, is finalising the detailed planning for the well to be drilled to test the Triassic Inishbeg Prospect.....of which Ramco are carried with 19.5% interest`
it`s going to be a good year for rossers.