Re £300m spent in 11 years16 Apr 2015 18:45
It is the size of this opportunity that is staggering a concession covering 6000+ square kilometres, so what if the company requires more funding and the resulting dilution, one of the majors will be on the phone soon to cut a deal, possibly Total. Madagascar is relatively stable now so a good bet geopolitically and there’s major upside on the 1.7 billion barrels so far estimated too