Thinking of investing more next week.
Just looking into this further, are there existing discoveries in the SAVP license areas?, map in this article suggests yes marked in green.
same could be said for oilies across the globe, sector has been and still is on its backside obviously but oil prices are on the turn highest levels for years and operational activity appears to be moving.
So what happened to this supposed $250m Niger farmout?. If that was completed all this dilution wouldn't be necessary and could fund the Nigeria acquisition!. No talk of a farmout now which does not inspire confidence in the Niger drilling programme. They have the drill risk at 100% now with no parties coming to the table. - huge risk.