We won't have to worry about Morocco.
If this is renewal of Pase, then the timing is absolutely perfect.
Morocco is hot right now, and as Cairn and Genel prepare to drill offshore Morocco in October, plenty of investors across the world will be looking to the cheaper, leveraged Moroccan plays.
This Pase renewal will get the company to fair value, and the heat in Morocco will take it from there.
Perfect timing...
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