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If it is another delay why go into a TH this time? They didn't...

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uncleart

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19/06/14

10:33

Post #: 13544106
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Originally posted by phillip321 ↑

I'm a positive risk-loving investor. But that doesn't mean I'm going to kid myself about bad news. I deal with it and move on. I'm not speculating - I'm applying logic. If there was a find it would say they they'd had oil shows - they'd be trumpeting it from the rooftops. Remember, they were going to make an announcement when they were about to drill again - so logically they cannot have drilled. And yesterday's presso has them still short of the first prospect. The only potential positive news it could be is (possibly - very possibly) another drill to the current program, ie adding one. But that's an extreme long shot because the fundraising was expressly all about Kenya (and yes I did speak to Cath and Bell Potter about it so I do have an inkling about what I'm talking about). So it's a delay. Hopefully nothing worse (like conditioning issues with the well bore etc).

Anyway, lots of ups and downs in oil and gas and this is just part of the journey.

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If it is another delay why go into a TH this time? They didn't on the previous 2 occasions. Anyhow all will soon be revealed. News will be about Senegal drilling program......Yes could be an extra drill. I am still dreaming.

FAR Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
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