The drill should happen by October and a Uganda block should be awarded very soon. Once the drill rig is booked for KK and Uganda block awarded I expect that there will be a capital raising at around 4 cps.
Oil price has also rebounded back to almost $US50 since the Brexit vote. http://quotes.ino.com/charting/?s=NYMEX_CL.Q16.E
US crude oil stocks continue dropping which is bullish for oil
https://www.eia.gov/petroleum/weekly/
US crude oil production also continues to decline to almost 8.6 mbd which is bullish for oil
https://www.eia.gov/dnav/pet/PET_SUM_SNDW_DCUS_NUS_W.htm
