it is up because 6 cents is below cash backing considering kn1 seismic is due at some stage and flow rate at 40 mcf are excellent.
And if structure plays out as I think kn1 most probably will be larger than
Songo songo discovery.
Again very little info to go on.
Need management to be proactive during current environment.
Seismic should answer most question with kn1
Question is when will this take place.
Almost 1 year since discovery and we are still at first base!
Regards
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