Pretty much a certainty Ricocure wouldn’t want to take the financial lead in 3B/4BB, and that they’ve taken a punt on acquiring the licence early with the hope it would pay off later - a hugely successful gamble! ECO now clearly feel it’s odds on a super major will come in in light of the two major discoveries by Shell and Total and I do feel that’s almost a given. Exxon must surely be favourite.
It’ll be interesting to hear the latest Gil spin on Orinduik in the upcoming presentations, because the question about what’s really going on will surely be asked. Do us a favour Gil, cut the crap and be honest with shareholders.
https://youtu.be/N3T9X2xSJcU
Worth watching.
Boo-boo would hardly worry about a missed Audit deadline given their own record. They aren’t daft and see the real value in REVB at these crazy lows. Strong buy! (As I did this pm)
Thanks.
I am considering a small opening in one or the other of GBP or TRP. For those in both, which is the best bet in you opinion? Thanks.
Encouraging comments made by CEO of Global in their last update relating to the Orange Basin (June):
"In Namibia, although companies will naturally be looking first at the Orange Basin, we are encouraged by the quality of the parties who have shown interest in our farmout of PEL 94. Our analysis is that there are very few attractive, available blocks in the Orange Basin and there is great competition for them. We think that Global holds one of the most prospective blocks in the Namibian offshore for the reasons we set out in this Announcement, and we firmly believe that our patience will pay off."
I've now taken the peanuts. I ust don't get the feeling the institution investors think a disruptor is on the way. 19% lost, but better than when at the very silly price it was. Good luck to remainers.
Now Next know the low ball offer they surely must reconsider given they too were interested at significantly more.
What a pile of excrement that board is given the offers they’ve previously passed on!