RE: THE clincher7 Jan 2018 07:42
Adouble, I think you have misinterpreted the post by hejhog. He was not inferring that there will be a takeover next week, month or even year. He merely pointed out that sunshine gas via its expansion of reserves was indeed taken over and given the nature of the beast in that Tlou is so far advanced and likely to be a leading gas to power producer in Botswana will undoubtedly be a takeover target for any major wishing to move in to the space. TG will not sit around waiting for that move, as you say - the company will grow organically and share price appreciation will occur - the journey has just begun and it’s going to be a very exciting one. I know full well which Company you are referring to however and I was fortunate to hold stock there from 0.9p. I don’t see a TO approach anytime soon and to be frank I wouldn’t want one, any major moving in now would offer nowhere near what this company is capable of achieving so, let the story unfold naturally.
Furthermore on your reserve point, the reason the seismic and coring has been completed is to identify the structures for future development wells AND the expansion of reserves. Whilst I agree additional production wells will be the best and largest way to grow the reserve base your comment on bookings only moving into the 2C category is wrong.
As above, Tlou have requested additional support from SRK above and beyond interpretation and reserve certification. It is SRK who have advised the best stages to expand on the reserve base and increase their 2P reserves in the fastest manner. This work program has come about not only from Tlous appetite to identify other regions but also from the input of the certified to increase reserves so, whilst the 2C/3C figures will undoubtedly increase as will the 2P/3P.
This is CBM not conventional exploration/production shale for O&G.
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