Luca said on the mini bus....THEY KNOW WHERE THEY ARE DRILLING T-8..AND THERE IS GAS THERE.they want to find out just how much.I'm in since 2010.I'm here till jp is around.it would be rude not to.remember 8p...14p...20p...30p...40p.....55p.......62p...77p....80p....94p...102p......come on people now IT'S 83P....WAKE UP AND SMELL THE COFFEE..
Anything of this nature has risk, but we each have to weight up the facts and make our own decision based on our own appetite for risk.
Regarding our various plays, there are of course risks, but as far as Tendrara goes, I do not worry. We know there is gas, we know that TAGI is pretty consistent and we know it looks a lot like Algeria. So we might have a duff patch here and there (as per Luca's cautionary comment), but the evidence from TE1-7 is clear for all to see. Gas in each and no GWC. Lots to play for.
I rather suspect that Meridija will be very similar, but that will come in time and isn't even a consideration in the SP as yer.
Sidi Moktar is equally almost certain. Just need to test it properly to establish how much - but not expecting it to be in the same league as Tendrara myself - just a bonus really in my view and cheap to prove and produce from.
Badile is the only uncertainty in my mind. Good that they COS has been upgraded and also that we have Schlumberger on board. Both bode well. But this in my mind is the one which has greatest risk attached and which the market would maul us for potentially if unccessful. But that part of the deal at the next of the day. We play the odds and make our choices. Either way on Badile, we are still sitting on a monster pile of gas in Morocco and my firm belief is that this will be a company maker, with an SP to reflect that in time.
I still believe £10+ a share could be possible for a take over price when tandrara is proved to be a super giant field plus Sucess at Badile and Sidi Mok included.imo Lots of potential upside left to play for.
Ducati2...Its either going to be amazing or ill be looking for a rope lol.
Its not a decision I've taken lightly, its an awful lot of money and the nature of the game we are in you get plenty of time to think about it.
I might be mad but I was probably mad to plough in a small fortune when I did. Worst case I get my money back and a few quid. At least I had the chance, to bottle it and see it fly, will hurt a lot more than losing a wedge. Its a once in a lifetime opportunity for me and I wont be looking back when I'm old and grey thinking 'what if'. There is a risk but I firmly believe the odds are in my favour. This is no punt by any means. I could top slice but don't particularly need anything so why bother....Don't get me wrong though, I'm not bonkers and not emotional attached, if I felt this was going belly up, id be out. I know, crazy to some and to some perfectly sane but it doesn't really matter what others think or do, as I posted earlier. I earned it and ill do what I want with it.
Crude....Personally I don't think you need to explain yourself to anyone. You have earned the right to take a few or all off the table and to inform the world if you wish. I really don't understand the "Crude effect" comment, obviously you are a very knowledgeable poster and LTH who knows the gaffer but If people are sat by the screen buying and selling on your word or anyone else's then they should seriously consider their investment strategy. I've just informed everyone on my beliefs earlier in sound and what I intend to do at this moment in time. Circumstances may change but I don't expect anybody to do the same, care not what anyone else does with their hard earned but only hope it all comes off and makes us all filthy rich.....and burns a big fat hole in the shorters pockets.
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