The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Its not a gamble if its obvious there is no farm out.
Not deramping just sharing many years of experience in investing in this sector.
I read posts here from time to time, most here are very naive and unexperienced.
This is a hype stock at the moment.
These dogs are going nowhere near term and keeping alive by placings, i do agree the acreage have good potential if its operated by a major but the case is they got no money and expensive short term obligations, its all about timing and its sure not the time to buy gbp.
Dav, there is no interest in gbp's 2d acreage, or in trp's shared 3d prospect.
They have no money for a 3d.
A dead dog kept alive by placings at least until the walvis will be proved.
These ametures are clueless, at least the imrich kind of posters, no point trying to rational with them.
The g&v discoveries are in a different basin.
The placing was made before the "completion" of the farm out because the bod knows very well there is no deal.
The next event is the nr about the farm out failure, so no reason for the sp to rise, if the farm out fails this will be at the 10's on release.
The only way the sp can recover is by completing the farm out.
If it failed then ja would wait for the venus results before updating the market so rns should land near term, in that case well be at the 10's.
If a miracle happens and well have a deal then happy days..
The kanuku well is a near term catalyst, planned for early may spud.
Its location is right next to north corentyne in trend with kawa, if they get this deal inked it must be in the coming weeks and its a great exposure.
No problem with ricocure only that its a private company with no much experience, this kind of asset needs a major.
The kaieteur option is to farm out ratio petroleum but gil said he is not interested in the deeper plays in guyana.
Just a few months before the venus-1 spud total entered in to three blocks offshore SA.
One of the blocks is on the route of the golden lanebetween graff-1 and block 3b/4b, the other one is on the other side block 3b/4b.
Now that the golden lane is proven its time for the pty ricocure who holds 60% to farm out to a major.
In the meanwhile it looks like the elephant is getting bigger..
https://www.upstreamonline.com/exploration/-mind-blowing-totalenergies-namibia-discovery-could-hold-2-2bn-barrels-of-oil-at-minimum-/2-1-1173582
Block 3b/4b is not only on the "golden lane" its a huge 18,000 square km block with a 10,000km already been 3d seismic reprocessed and should be drill ready once the new regional discoveries will be analized by the jv.
Africa oil has access to the venus data, that should serve us well as aoi has 20% direct interest in block 3b/4b.