Buy buy buy7 Aug 2024 11:03
Some info for new investors:
No one knows when news will drop but this will rise exponentially when it does. Current Mcap is a joke considering the management we have and research we already have on potential sites.
See RN on Friday for namibia - "The evaluation of leads and prospects has required further time commitment due to the encouraging discovery of a large number of substantial stratigraphic traps, in addition to the large anticlines and other structural traps that had already been identified. Our basin modelling work, completed in 2023, had previously identified source rocks deep within the PEL96 portion of the Dolphin Graben calculated to be mature for in excess of 100 to 150 billions of barrels of oil generation, and also identified well-defined migration paths for this oil, and this work has been shared with investors in the Technical Presentation that the Company made to Africa Oil Week"
"In the meantime, we plan to prepare a more detailed report summarising our findings to date, the main conclusions of which we will share with investors in due course."
Also see Cameroon RN - "The Company still intends to drill the NJOM-3 well with Borr this year and is working with Borr on the timing in light of the situation with BW Energy. The Company will update investors when this process is finalised."
"Borr Drilling Limited ("Borr"), has today advised that it has extended its commitment of the Norve jack-up rig to BW Energy to October 2024."
Both of these could have additional news drop at anytime.