re: Ann: Rialto awards FEED for Gazelle Field...
It has been a protracted few months, but the project is still in play. Putting things into perspective.
Positives 1.)Current testing may well lead to circa 2000 bopd oil and decent gas flows from new discovery. 2.) Still fully funded to complete program. 3.) Accra block may still be approved and funds are available to complete.
Negatives. 1.)Delayed results. 2.)Project behind in program. 3.)Poor quality news flow. 4.)Unexpected changes to overall program confusing people like me.
As an investor, I still fully expect and trust management to deliver this project. They have the rig, the seismic, the money and apparently the expertise. Now we need some results.
RIA Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held
