Well weve heard it from Arthur plenty of news to come in the coming weeks, now its interesting and dont care if it takes a month or two for everything to get sorted as we know NNPC are now pushing us to get going
Once NNPC approved and we have drill date, there will be write ups and broker targets coming out, every man and his dog will jump in, As we will be production ready, month or two watch this space,
Dont worry about the share price, once all in place we will all forget the half penny days, trust me things change all of a sudden but on concrete news, just slapping my self when bpc was half a penny and I left, looked at it now more then ten bagged
We started off with the plan of drilling one well now we are looking at 3-4 plus the oil price has doubled, so this will and has to go crazy but will only be realised once NNPC and contractors are ready to go.
Sorry guys re my question, havent done alot of research here but hope to soon, I understand the biggie here at the moment is the NXP002,Is there a time frame when this Drug might be ready to go on to the market?
I really do think this will be between 3-5p once NNPC and contracters are approved, As we know there will be a drill date with that too and production will come soon after so quite possible this will go crazy with big money moving in from the big boys plus we could II's too moving in, Currently we have have small time private investors taking smalll gambles but watch once NNPC is approved
I lost patience with bpc and jumped ship the the oil price went up and now its 6 bagged to where I left, so I won't be doing this again and will see this out and have a strong feeling with all the news around copl and Nigeria we are very close
So the way I understand it is that the project finance for the field development plan is for NNPC and this what give us the approval but the the other bits if financing will come when we get NNPC approval so one unlocks another
So as Arthur said we will get news of NNPC finance and drilling contract news at the same time,
So think the both Arthur and kola will now be very busy and we may get drip fed news or all may get announced very soon, I still feel September is when we will get all the news we are looking for,
Don't forget kola and team are meeting on a regular basis, so this presentation on finance will be made very soon and we could be getting news in the next couple of weeks of approval,
I emailed Cathy for clarification no finance as this looks like just for production and if we will get another rns maybe with NNPC approval for drilling side of business
Agree, I have always thought this would get done by before September due t wanting production before elections, think the NNPC are on pressure to close some of these deals and bring home the money
Should 5 bag on nnpc approval and drill date, by the sounds of it they are getting the drill ready and know soon as the finance term sheet is provided it will be a sign off