Wondered...The Premium of buying in on the news will be far higher than 30%, this will be marked up 100%+ within minutes and most people will not even be able to buy,until the mark up induces sellers.
I was in Clon back in June and it was marked up 185% by 09.45, just because they announced they were invited for talks with Gnpc,and it spiked up around 700% in a matter of days,going from 0.15 to 1.06.Clon is without doubt the most highly leveraged Oil play on the lse.
So,those not in on announcement will pay a massive premium to board the Clontarf Express!
Ghanaian Government expected so much from the sector but technical hitches have affected production. The pressure is on 2017 Ghana oil production ..... their economy needs it. Exploration is critical to future production and therefore this Tano 2 ratification must be a high priority in parliamentary affairs.
I would think that this is most likely after the election now and hopefully before the end of this parliamentary sitting. Patience is required. I am confident that we will have the ratification its just a waiting game for now. GLA
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