Thanks Jeffry - i'll take a look - if I remember rightly your the chap who I share near identical portfolios with! lol....
Oil riches - same bloke who said we'd sold Georgia also claimed we were waiting for Georgia money to buy/farm in to UK asset. IGIndex for spread betting Oily...a dangerous game that has taken me 7 years to become average at, but best of all is its TAX FREE on profits....
All - I will be absolutely amazed if Somalia deal comes off within 12 months..
true but i believe they already have farm out partner who will agree to sign agreement once the licence issue is confirmed by somalia federal.
thats to say, potentially HRN will farm down to say, BP, and BP will also pay much higher portion of cost for the well. so the farm out will be good not only to HRN who then doesnt need to raise money now, but also for RMP who will end up either paying lower cost for the first one week or even doesnt have to pay any cost.
HRN wont be able to raise money at their current sp imhp, too loo. so, farm out will get them the money
someone (not director as i believe director not allowed to buy in this close period for them) keep building stake in HRN as late as last week. he must know something perhaps expecting good news re puntland. see here
Been in and out since pre Punty. Like most back then got punished on spike in the 30s. Averaged down to just under 6p. No brained with the cash in bank, Georgia but I'm holding for massive gains in Puntland :-)
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