DB,
If I were SM I would release the Core Sample results and then do a raise enough for one well with the best chance of making a discovery (Mukuyu-2). The learnings from Mukuyu -1 should hold us in good stead. providing whoever the Service provider doesnt fu$k up.
We should finally be able to get that elusive " Discovery", following which re-rate and potential price appreciation depending on findings. That should give SM enough time to evaluate offers or go it alone for Baobab.
Just my 2 cents worth
Ann: Invictus Energy Quarterly Report & Cashflow, page-42
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