We make no changes to our NAV of 9.4p, or our PT of 6.5p. Given that we estimate a four well development of Njonji could have an NPV of over $160m net to Tower, with significant further potential upside, we remain with our BUY recommendation
Many thanks Schlemiel. Approximately, whats the earliest time schedule that Hammerhead could be officially confirmed to extend into Orinduik. Is it dependent on anything else eg analysing fresh data before ECO's first well in early June ?