News On 3 Fronts Incoming19 Jun 2019 20:59
Watch out for the trolls!
Opinion5 Jun '19For me this is and has always been a long term investment pending explosive growth; timeline uncertain but that is what long term investment involves. I disagree that the latest RNS was poor and to be fair it is a balanced raw trading update without hype, managing shareholder expectations and with some consideration for us long term shareholders. In Ghana we are waiting for cabinet approval and ratification that will happen shortly after approval (probably next day). There is a high probability that this will happen this Parliament. Why? We have a court order stipulating that we have a legitimate right to Tano Block 2A. The PA has been signed and agreed and approved by GNPC. There is a high profile bid license round in progress and there is a high chance that this will get resolved as this area is ready for exploration and possible drilling this year.
Bolivia is also looking very interesting and has been somewhat under the radar but this for me is looking promising now with lithium and O&G. The Bolivian authorities are encouraging Clon and clon have made formal application for an exploration / development permit on a number of small salt pans and if successful will undertake a detailed exploration programme.
The two written off Bolivian oil / gas assets carried at no value in the books, as I understand it may be recoverable in some form, I would like to understand more about this.
In the interim waiting for news/developments on 3 fronts. Expect the usual trolls, why do they bother, filtered. GLA