Share price has a long way to go to reflect the NAV but another deal will help possibly in Angola, who knows. Angola is a 20% Effective rate of Tax for Block 3/05 at this level of given expenditure. Fantastic.
Year end results will get a little traction with those who appreciate a cheap Price Earnings / Price FCF share
Yes its disappointing but Palanca is still about $76.26 and the remaining lift will see us NET CASH $20 - $26 million and year end with a PE ratio of about 2.5!
RE: Mopane1 - 10 Billion barrels - just north of 3B/4B6 Nov 2024 10:05
Looking forward to a farm out here. Have positioned and excited about what lies ahead. Orinduik and Namibia are the two hot plays in the sector. I believe farm Out news will come!
If they see something extending into Corcel's block for example. (They wouldnt necessarily have the data of Corcels block unless they agree to Data Share