It's impossible to say whether the ratification will be signed before the end of may.This is Ghana,and it will take as long as it takes. However,for those who can wait, this isn't a problem,let the price of oil rise some more and sentiment will be thus stronger when the ratification is finally announced. Then both Clon & Pet will receive very significant share price increases.Clon,especially so,as it's more highly geared to Ghana.
Clon has been slowly rising on speculation of the ratification of the Tano license for a while now. The impact on a company of Clon's size for a licence awarded in acreage next to 'Tullow's Jubilee oil field', would be very,very significant. Also, sentiment has turned positive for oilies as the price of Oil continues its rally.
Expect more speculation in the coming weeks....My research points to excellent prospects of a positive outcome and my long position was filled months back. DYOR
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