We are finally getting some building of volume and price... IMO this is a direct result of the recent influx of significant capital by new big investor(s).. This capital will obviously want results and is more than likely pushing to get things done more quickly... I think the drilling update recently announced for Lesedi 6 is supportive of this... There appears to be more urgency with this well being the first of a "proposed drilling campaign to expand gas production".. The other interesting comment in this drilling update is the reference to "establishing an indicative flow rate"... This is absolutely key to the economics of the project... A flow rate above 100k cfpd would be good but above 200k cfpd you would hear the champagne glasses chinking from Botswana... Fingers crossed.... We just have to wait for the drilling and de-watering process to play out...
TOU Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held
