On November 26, Moore purchased 44,000 shares on-market with a value of almost $15,000.
This takes his overall holding in the oil & gas increasing his securities to 500,000 unlisted options exercisable at 15 cents expiring on November 20, 2020, and 464,232 ordinary shares.
Chairman’s address at AGM
On November 15 the company conducted its annual general meeting in Perth where chairman Peter Leonhardt shared his views on what he said had been a ‘great year’.
He spoke about the Dorado discovery in 2018 which, to date, is this century’s largest liquids discovery in the North West Shelf of Western Australia.
The importance of the Dorado discovery led the company and its joint venture partner Santos to move quickly to confirm and appraise it in 2019.
This project now has had two appraisal wells completed and two successful flow tests over the Caley and Baxter reservoirs with the partners working towards the first phase of development.