RE: Oil Capital17 Jun 2019 16:14
No further forward? Come on FFS - the SP is no further forward sure, but as a company it's done a lot in that time. License is virtually sorted for 25 years, 700k in monthly from SNPC and opting to hold their % (and that's a big deal as they have no money so it's gotta be worth it for them!), and oil free flowing to surface with extreme pressure and confirmed as Djeno oil which was the primary target.
Funding conversations from offtake clearly ongoing and production plan due any day and throw in a Freudian ENI slip and i'd say everything is looking pretty damn sweet.
Unless you're short and have to spread fear stories - then you're gonna get bent over a barrel sooner or later. IMO.