A sleeping giant next door?29 Jul 2018 11:50
After many years the time to be buying gbp is now imo. The quarterly update will be released on Monday or Tuesday detailing farmout update, CPR showing 1.6 billion barrel prospect, activity in Namibia is extremely hot right now, even Shell are drilling a well and they have been ultra cautious over the last few years, the fact that Tullow are drilling their well only 1 block away from the 1.6 billion barrel prospect gemsbok in sept is a huge event, any strike here and Gemsbok becomes extremely hot property due to its sheer size, and for many oil majors a billion barrel drill one block away from a confirmed oil strike would be a must drill well imo. Can you imagine the mcap if we get a farmout... alternatively a major may just snap gemsbok up for £20-30m which is a 6-8 bagger in itself. Then in October we have the Italian license appeal hearing that we have waited many years for. If the appeals are thrown out which looks very likely then these licenses are very valuable at least £10m to our mcap. With $6m cash in the bank £3.8m mcap and at least 3 major share price catalysts over the next 3 months gbp is a screaming buy imo, it hit 4,5p on the CPR report any of the above 3 come in and it multibagges many times imo, GL all an exciting future here especially with the Namibian Beast gemsbok at 1.6 billion been the largest in Namibia as far as I am aware