Near Term Upside9 Dec 2013 10:37
"The Bitanda exploration well ("Bitanda") was spudded on December 5, 2013. The
planned total drilling depth is 2,390 meters and drilling is expected to take
32 days. The current operation is drilling at 700 meters."
"Pre-drill, McDaniel Resource Report estimated gross unrisked prospective resource of 277.2-648.3 mmbbl on unrisked
Pmean and P10 basis, respectively.
Bitanda is approximately 19 kilometers from the Badila field, and pipeline
connection."
This could be massive