IMHO this is a very unique opportunity - potentially a world-class resource. Management team are now making proper strides forward after years of false starts. New CEO is highly experienced and impressive, and has the local SA contacts to drive this project forward over the next 1-2 years and transform this into a multi-billion dollar asset play. Gas supply is becoming political and SA Govt has limited options on how to fix the energy crisis which affects businesses and residents on a daily basis. The IDC link is testament to this and assuming Stage 1 drilling delivers results their involvement should increase 3-4 fold.
In addition, new institutional investors are approaching the Company from what CEO is advising, providing optionality and much-needed financial capacity to provide necessary scale of wells to optimise the enterprise value of the resource within 1-2 years. Reserves by year-end, then 12 months of more exploring will see reserves > 1m TCF.....that is supposedly USD 1bn value plus plus.
As always DYOR. These opportunities to get in on the ground level are few and far between.
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1 | 158848 | 0.095 |
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Price($) | Vol. | No. |
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0.115 | 120000 | 1 |
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