Their 3D over the prospect tells them they have bought in a big play. They only have to carry us for 2 drills and they have 85% ownership. From those 2 drill successes we will be able to pay our way into more drills or sell up for some tasty money. What a magnificent deal by Hugh.
8.97p paid buy our market cap is still crazy cheap. My calcs provide backing for a £45m mc on current news/assets and situation. Although, the Kosmos news could easily double that if all goes to plan, with some thrown in on news of a french farmout. Hugh is very sure of his chat re 3D results and he almost appears to be showing off to me. I await the Kosmos results with much excitement! !
Great to see the market has been impressed with today's news. All good so far. Wressle testing soon, Kosmos results soon, France in hand and the chance of expansion into further projects. Very very positive. Nice to be able to invest in a small company that doesn't have money worries and billions of shares in issue !!!
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