"""""...In the first half of the year, Tullow concluded its first phase of exploration and appraisal in the South Lokichar Basin. The success of this programme and ongoing analysis of the discoveries has led to an upgrade of the South Lokichar resource estimate up to 750 mmbo. Significant upside remains across the South Lokichar Basin with the potential to increase the resource estimate to around 1 billion barrels of oil. The Kenya Joint Venture Partners therefore plan to recommence drilling activities in the fourth quarter of 2016 with an initial programme of four wells in the South Lokichar basin and the potential to extend this by a further four wells. In addition,....."""
2016 H1 complete and £4.8 million spent [800,000 per month costs, mostly KH wages]. how long do we carry on like this with ZERO asset value and valued at less than the money in the bank . If ETINDE is drilled what shareholder value will it create as 20% of ETINDE is at ZREO value now. 2016 BLVN ,s year , more like another good year for Mr KH and SFA !!!!!!! for the Shareholders . SACK KH now he's cost share holders a lot of money and will continue to do so. Etinde doesn't look such a good deal at $1.50 per barrel and what of BOMONO ?
Crown Ocean Capital P1 Limited (Christian Petersmann) (Konstantin Stoyanov) looks like they bought up jpm shares will be interesting to see what pressure they bring on the board if there is any risk of not drilling etinde in q1 2017
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