In line with DJC report (and upcoming Nightingale scoping study) and the hope for "value adding to the resource" - short of just digging the stuff out of the ground.....
.... it is also interesting to read what some crews are looking for in the area.
KALAHARI ENERGY guys are up to on the other end of the kalahari / karoo basin (same sort of dirt/structure that NMR is drilling into), hunting for coal bed methane gas.
They (KE) are a bit skint on details (whether they are drilling at depth or shallow seams etc) and it seems to have gone a bit quite of late - but initial finds have been encouraging.
http://www.kalaharigas.com/index.php?page=1
At very least will draw attention to the region if all proves successful in time.
Quote from KE previous milestones....
"2008 o New state of the art drilling rig (RD20) is delivered, commissioned and commences drilling. o 5-Spot array of wells completed, demonstrating strong gas flows. o Endorsement from the Dept. of Energy Affairs to pilot the provision of natural gas to Government schools in rural villages. o KE is short-listed for the Botswana Power Corporation Tender (250-300MW Power Generating Plant)."
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On another note - interesting to see grogman and boofheads sentiment on this thread some 20 days ago reflected in the current rising and firming share price....
... wonder if the doubters will be playing catchup next week.
"6.3 thread" might not be such a "laugh" now that market is looking a little more settled / bullish and value is being (all-be-it reluctantly) given to some companies again
I am more than happy to be another one of those "dumb fish", "left holding" at present.
Keep knocking it please down rampers - seems to be working. This is one of the nicer little "ocean floor crawler" I've been on in a while.
Oh how catty of me!!! I do try not to bite... but oh well... Chomp... I bit!
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Thanks Grog / boof head / potgut / 64eheh pizza / nyc / quanta etc for the early positive research and comparisons and the like.
Holding is killing me - but only with the suspense of it - hence my constant reading and wondering! All the best with your holdings also as we wait.
I is liking this shade of green on my screen....!
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bsh
NMR Price at posting:
5.3¢ Sentiment: LT Buy Disclosure: Held
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