RE: Ps26 Oct 2016 11:34
Revbeechy - well now that we have got clearance for the terminal is exporting again, we await on news from the company regarding work over programmes, which they have mentioned will be completed this year. assuming we have news within the next 2 months, which in my honest opinion could land anytime soon or there could be a stream of news within the next few weeks. if successful the workover will take us anywhere between 15000-20000 bopd a day, plus opec are due to agree a production cut in november. leading to stable oil price. taking all this in account, you can see the potential revenue stream available to us. it's is going to be high, and nigeria is one of the cheaper regions to extract oil. plus potential even if there are future disruptions to the terminal, which the navy is protecting after conversation with the shell director. we will have alternative export routes. Based on the info i have given i urge you to make your own investment decisions