Taking a moment to overview where we are.it seems we are funded...

Taking a moment to overview where we are.

it seems we are funded to meet our medium term needs.

Although we are a producer, it is on a very small scale. We are basically still an exploration company hoping through drilling success to scale up our production and thereby increase our market cap significantly.

one either fancies the risk/reward or one doesn’t.

Welchau is the big one, goes without saying, but there are other drills planned with a much lower but still very attractive risk/reward ratio.

if our other two Anshof wells are successful then we should be looking at around 500 bond net to us. Such a success derisks the GRB prospect and success there adds to the total oil from licence AT-11 then there are good gas prospects in licence AT-1.

so all to play for still in my book. If we start racking up unsuccessful drilling attempts, then obviously it’s game off rather than game on. But until then I remain a buyer.