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Looking for a target of 6p which is very possible with Farm Out, 3D and then drilling as I still believe Uruguay will be massive - forget Bahamas though most can't for some stupid reason as the company has changed and moved on from those days,
Cyberton, obviously until the farm out has been agreed we will not know the details but with the last two days of significant volume and the massive rise over the last two days it seems a farmout is on the verge of finalising. In your last post it seems you doubt the farm out.
People more than likely took some money of the table after the rise yesterday and also being Friday, but as you saw buying went on it to the close, so all looks set for the rise to continue next week.
Farmout extremely likely in the next 5 or so weeks.
Looks very much like a nice few blue weeks to go before 2024. Would not be suprised to see a siginificant increase between now and 2024.
Placing not going to happen for all the Bahamas hugging trolls here - just disappear and get a life.
Why are you so interested in the Bahamas??? The fact was the drill was fully funded but during the operation the natural events, which could not have been predicted, meant extra costs. Very common. The drill was fully funded at the time.
Just move on as Bahamas is in the past and now we are in Trinidad and Uruguay.
No, the fact was during the drilling process certain natural events prevented us from going as deep as we hoped. Anyway, not all wells show oil many majors have had dusters as well. It was best to stop when we knew it was a duster. Then we went onwards and upwards diversifying the portfolio which is better than a one drill wander. That is why the company is in such a great position now.
Bahamas was fully funded which is why they managed to drill it was not their fault of obstructions in the drill and it was not their fault it was a duster.
Jesus the company has more on and Uruguay is a different beast all together.