Well, I didn't think I would get to the day when I would totally disagree with you OOO...but here goes. You are very wrong on all counts.
A year and a half ago we didn't even know what was coming with regards The Gambia and here we are now with 40% of a potential 825mb and someone else paying for the drilling of it.
Has that news boosted the SP?. Not one iota.
So in the real world we are still on track with our glorious 15% of the largest oil find for 2015. We will get FID and we will have more details on finance. All SP reinforcing. Not SP deteriorating. Hopefully an increased oil number. Lock that oil into reserves and how do you see the SP going backwards?
Regardless of PE and The Gambia that can't be taken away from us.
Successful PE could add to our value...and good results in The Gambia could triple our SP but the reserves in a developing SNE cannot be diminished below their real worth
Buck up old mate....
CV
FAR Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
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