Agree with you wholeheartedly. Happy to sit on this for a while and see where it goes. I can't see too much downside from here so just load up (if you can) and just wait for the next party! Have a great weekend and enjoy the sun mate. All DYOR!
I think this share will frustrate people short term. I am still hopeful we will get Â£1m from Georgia which will move our cash balance to Â£6.5m. Sc55 if cinco is derisked, I can see it being farmed out as its a gas play and even a free carry with rmp retaining a 7.5% interest is a result. This then leaves rmp to pick up a cheap asset and Tanzania with Otto looks a great bet with low drilling costs. ideally i would like to see a puntland type wild cat drill targeting a multi billion barrel well which will certainly get this going in eg Kenya, Somalia. I am hopeful the oil sector will recover as at some point the market is going to need new discoveries to replace depleted reserves. 12 month target here is 5p
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