RE: Predicted increase3 Aug 2021 08:36
I agree, funding is always the greatest risk. No funding, no drill. Followed by the risk of poor drill results but that risk is low here given that Thali in Cameroon is a proven producing basin, Njonji 3 to spud by end of year and advanced stage (final weeks) with farm out agreementS. South Africa - Bulpradda and Luiperd just to the west successfully drilled by Total, showing huge resource, albeit only 10-12% COS here, but 1.4b recoverable, and also farm-out discussions ongoing here too! Or can go alone with New Age and farm out later. Namibia too looks good althougha longer play here. Surrounded by Exxon with successful drills too. A few plays here, not just Thali in Cameroon! Let's get Njonji-3 producing by the end of next year. By that stage mcap could be huge. Short, medium and long term the potential here is massive