Amer - I don't think they have overestimated the find that they have drilled - 40bcf resource. Think they can fairly support that with flows etc.
Its just no one probably beleives there is 4TCF on the tennemant, considering they mentioned before that one hole this could be many hundreds of bcf (think they mentioned 1TCF for Nyuni 1, and look what it came in at.
We do need something to turn us around from this continued string of disappointments with this company. Will it be WA? Will the UK get back to 500bbls of oil a day promised? Those will be the key events short term.
Tanzania would still be a year away I reckon before upgrading can be done. Unless you want to pray that Orica (that's who owns next door isn't it?) hit a snag and cannot get gas from their holes into the pipeline (thus freeing up capacity for us). Stranger things have happened.
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Mkt cap ! $1.253M |
Open | High | Low | Value | Volume |
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1 | 45465 | 4.1¢ |
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5.4¢ | 44670 | 1 |
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1 | 25000 | 0.040 |
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Price($) | Vol. | No. |
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