RE: Buy on the dip17 Sep 2019 10:27
Well..none of us has a crystal ball, but the results of both wells are being further analysed as we discuss here and more concrete figures will emerge in due course. Thankfully the company is very well funded and management may have some further opportunities to extend the partnership with Tullow / Total and take a % interest in further drills going forward offshore Guyana. I know I would be thinking along those lines given the outstanding success so far and the prospectivity of the basin. Two out of two is bloody good so far and the estimates for Joe are not to be despised as it looks pretty feasible to tie this into another development close by. I'm hanging in here and have doubled up my holding.