70% COS and you can buy shares for 14.5c........
What we need to happen is a discovery in the upper drill to get the market primed for the main game in the lower targets THE WE ABSOLUTELY NEED the company to explain, in no uncertain terms exactly how big it is.
None of this we won't say until we have lab results ect ect.
FAR in Senegal drilled the first well ever and Cairn Energy the operator booked a 330 mmbbl 2C.
We need clear cut info for the market to digest and we need it explained, assuming a discovery, in clear cut terms.
I get there will be uncertainty given the size but SM needs to put his conservative hat in the bin and spruik this sucker for all its worth.
He has been crap at it up until now. This is not WPL.
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