Hit my target of $1500m without Barda, Blackrock selling their stake, will not dampen the enthusiasm for AFR, they recently sold out of my GDL but their timing poor, suggesting to me that they need Cash, punters are pulling out of their underperforming Funds. Can't blame 'em!!! I look forwad to seeing the result of Okwok 10, with OML 115 to come next no doubt, been waiting a long time for these babies, these may be marginal fields, big margins!!! DYOR
Nomura has upgraded its rating for oil and gas group Ophir Energy by two notches, from 'reduce' to 'buy', saying that highly-geared exploration and appraisal (E&A) drilling in 2013 could be a 'company maker'.
The broker said that Ophir has a leading exposure to pure exploration. "In a 'blue-sky' success scenario, 2013 drilling could be worth $17bn or c.500% of the current share price, the highest in our coverage universe."
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