naks, I'm not saying the news flow recently is ideal regarding drilling but if everything is in fact back on track then a mature company would wait until this Q3 'Operations Update' to inform the market.
26 Sep 2016
" The preparation for drilling at our existing Logbaba production site is complete, and spudding is expected shortly."
3card, I agree with you there, that a quarterly update can contain all sorts of new information hence why it is called an 'Operations Update'!
They have said previously what is happening/going to happen regarding the '2016 Work Program' :
26 Aug 2016 "Activity on the approved 2016 Work Program and Budget continues with spudding of the two wells imminent. GDC is well placed to continue funding these operations and the drill program with project revenue and bank debt until such time as the arbitration with RSM concludes." http://www.victoriaoilandgas.com/investors/news/rsm-and-vog-arbitration
26 Sep 2016 "The preparation for drilling at our existing Logbaba production site is complete, and spudding is expected shortly. Expansion work on the Bonaberi pipeline is on track, and with Gas Sales Agreements in place, we expect to deliver to these new customers before the end of the year. As we deliver on our expansion targets, we will look to increase the process plant’s capacity. The settlement of the reserve bonus and termination of the 1.2% royalty was an important matter to resolve and will mean greater revenue for the Company going forward.”" http://www.victoriaoilandgas.com/investors/news/interim-results-six-months-end-june-2016
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