It is key the Board do not sell us on the cheap. With the 20+ years revenue from Etinde on the cards this should fund regular special dividends to encourage holding the stock for the long term and hit the short sellers. above £2.44 minimum. If we find more oil the price should be even higher. The Oil price will recover over time. Tight fiscal control of the budgets for the next 18months is key until revenue streams start to flow and the company can then take a few more calculated risks with further drilling. Kevin Hart looks to me as though he has the positioned the company to maximise shareholder value under extremely difficult times If we take a 2 year timeline from now I believe we will be well rewarded. Lukoil will want to expand out side Russia (Putin ) as fast as they can and to do this will be prepared to pay a significant premium - with the gas find this is a perfect investment for them low risk great upside and a platform in Africa.
I can't look at ADVFN but I know of LeComm. What's he saying? I see many (reputable) people are saying the gazetting is in the bag as all it is is publication, if that's the case, we should surely progress forwards now.
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