We can only hope they speed up the process in Tanzania, this to me looks like there best prospect at the moment. This is potentially massive 200 MMbbl* 18 = 3.6 Billion Barrels of oil; Huge!
For me this is worth pouring the money into this to get it proved up as soon as possible. Considering the 2P reserves at the moment are less than 100 MMbbl. So gives you an idea if just one of the 18 leads are successful and even if it only had 100 MMbbl what it should do to the share price.
I also hope they don't farm-out more than about 20% and they get a free carry on the cost of drilling for this. Then at a later stage they can decided if they would like to be carried on the development cost my farming down some more. Or to develop it themselves depending on how successful the drilling is.
BPT Price at posting:
$1.35 Sentiment: Buy Disclosure: Held
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