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update is actually quite negative

  1. steady5
    68 Posts.
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    14/12/09
    12:09
    Post #: 6039975
    OK so the positive is they've bought themselves more time. Woopy doo. Now for the negatives

    1) 25% reduction in acreage

    2) Africa Oil have reduced their commitment from 4 wells to 2. In other words the chances of success have been cut in half. The odds were already slim before, now they're anorexic.

    2-day trading halt for this? Some kind of joke?
    RRS Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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