Longer term.1 Jun 2017 12:38
Looks like with only $5m left they had to pay $3m if their share in the initial agreement with jv company who also paid the same. The further payment is delayed as they have only reviewed $2m so far of the $9m but where the heck has the one off charge come from ? It looks like this will take a long time to take off, like I mentioned before I think they would do well to get gebetiken 1 drilled and produced in time, ubima will be new year I guess and total exit for this year will be17500, from which 8000 net to eland on a £115m market cap is fair value. There's always surprises here n with Nigerian assets u can never be safe, I'm out for now, they have announced that RNS we wanted about production n pipeline but no sp response. Good luck guys, always a pleasure here but I'm guessing the next 2-3mo the will just be the news if drilling g-1. Nothing to write home about on here. Probably looking august - September for next leg up here ....... until then I don't think some will wait around. Remember if it drops below 62p then expect support levels of 55-56p. Really disappointed with today's rns. Money seems to shrink ...... delays are covered with carefully worded rns. Maybe I'm just being a bit too negative. Expect 55-56p levels