Likely that more oil under good pressure in the LC has been found, the completion rig is being set up and drill rig moving to pad 3 should see a good rise. Last chance to get in at 3.5 level today. Should be some serious upward pressure in anticipation of great results into September taking us towards 4p. When the flow rates are announced it should go towards 5p. That's the way I see it!
Previously peaked at 5900b/d with 40 year old technology, then dropped to around 2500b/d in mid 80's, since when there's been no further investment. 2012 was down to 142b/d. Neil sounds confident, but have to wait on licence renewal.
T 20's loading up as the market will not open until next Tuesday. This will mean a long weekend and an almost certain rise in the sp as we get closer to the flow rates. They are expecting a quick and ''free'' profit. All they have to do is wait for the sp to climb above todays price and sell on the first spike. The sp is most unlikely to dip below todays price so at anytime between 'now and twenty days' they are going to be presented with an easy profit.
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