RE: Kefi 2024 report7 Jun 2026 10:52
Would not be shocked if the tug of war over the over pegged licence areas was solved over the next couple of months. Have Askari saying they will drill but they have been saying that for a while and kefi have cashed themselves up have Jeff back so obviously its going to be decision time over where the main exploration efforts are going to go Ethiopia or Saudi.
Think you have several strikes against investment into ethiopia the political instabilty and the worry that areas given to kefi may be given to others in the future like the over pegged areas. As it is i would expect to see more of a twin track policy if the overpegged areas are not returned as it will be too risky for the company to have all it eggs in one basket in that case.