Picked up on that comment too. Sounds like with what they've found there are alot of competing priorities in Block 9 particularly from a budgetary and resourcing point of view; Errol needs his 3D, AP wants to see quick development wells; further structures to the south need investigating, Alameda remains open to the east and west, there are only so many rigs in country; shareholders will want their own things out of their investment in MAY, and Zapato remains unfinished business let alone all the surrounding structures that need investigating. This is all notwithstanding what the JV partners Sonangol and CUPET want out of block 9.
Hopefully in the not too distant future everything can begin to happen at the same time. There is alot of running room for growth and I'm more comfortable with my investment following the webinar
MAY Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)