Long term this is an excellent play, lot of gas in Tanzania pretty stable country too for Africa. and then the fact that we are trading pretty much at cash already. This is the sort of share where I park trading profits and don't expect huge margins over night. As to buying in 180 looks good to hold out for as Gary remarked earlier
Yeah I traded on the 4quid spike on pavilion sale and bought back on the 3.20 pivot looked brilliant bit of trading at the time lol. Too many dusters. But not anymore, positive mental attitude for the next five. Enjoy your weekend mate
Be a super average if you get it mate, I'm looking at 180 now for another tranche. Gabon really hurt us this year I'm afraid, all in all I still think it's good acreage and ophir will be back next year hopefully knowing a lot more about how the systems work. Pre salt in Brazil has been huge but it's still fairly new
I'm just gradually building a position, still got one or two blocks i want to take but going to wait now and see if 180ish gets seen. Currently averaging around 206/207 and would be very happy if i get a chance to double up sub-180 and end up with an average in the low 190s (taking a longer term view)!
Before then, they are drilling a couple of wells now I'll post something later on it if I get a chance. How's knows where the bottom is. I've tried to find it a couple of times now lol. Thing is I believe in ophir long term and think its a good bet, but that's just me
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