my guess - 3 points
1 yes 200m expl budget namibia takes a third - i see that as a very low % of the reason to walk - but would have reason the extension which what i feared before this ann.
2 the seismic results were not up to expectation - and i see that in terms of expectations the total resource is made up now of a lot of smaller ones - so did oryx and hyrax not come up to their base line?? mid % reason to walk
3 given where and timeline to develop the resources -in the 5 -10 year time frame that their capital outlay seen today would be too much in 5-10yrs time?? with other projects already in the queue???- mid % reason to walk
2 and 3 combined may have been enough to walk
Add to My Watchlist
What is My Watchlist?
