Here is my weather forecast for Sou27 May 2018 20:02
I�ve been with this share since March 2012, I�ve topped up on the way and now in six figures all salted away in ISAs. I will not add a penny more because of empty promises, like golden tickets, only 18 months to go etc etc followed by popcorn and more popcorn and general time slippage. I realise slippage can and will happen in this business BUT not on everything they announce.
It will be up to four years ( IMHO) before this comes anything like we had hoped with an LE and when I expect to get back my investment, even with its low average, probably just giving me, over the period, slightly more than if I had left it in the bank!
Over the past few months I increasingly have the feeling that the BOD has lost confidence in their own ability to drill and are now afraid to make a decision, blaming everything from Ramadan to the full moon. To the extent that I personally feel that T9-10 -11 will not produce and we will, in the end resort to Plan B.
The indecision will propel us along - T9 by the end of 2018, if we are lucky; followed in 2019 by T10. With those two out of the way and 2019 drawing to a close and no gas a halt will be called in favour of Plan B the work required to bring Sidi to the front and look to save ourselves with the results of that plus the gas we already have at T6 and 7 when the whole package or sound as a whole will be sold off.
Well that�s my forecast, it would be great to be proved wrong� but! I�ll watch the RNS come and go but will not read all the second guessing that goes on here � which it seems I�ve just added too!!
Back in 2022 � if I�m spared.
Gasbag
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