Hi Fisho
I have always had the opinion also that the Aboid was the main target for the lack of a better word simply because as you point out the Dougga factor.
I really feel that the market is completely asleep at the wheel about the Dougga/Aboid factor in this well. Does the market realise that Dougga has about a 600m column of gas, this happened 30 years ago and the market isnt factoring in the potential of Lambouka delivering a similar result from the Aboid. The Aboid formation in Lambouka is 700m thick, im sure that the market isnt factoring this in also. Lambouka stands a high probability of delivering a thumping gas column. I have never heard of such a massive gas column until i researched Dougga, its the nearology of Dougga to the south with the Aboid formation that gives Lambouka a very good chance of success. If the Birsa delivers it will be cream on the gas pie. A birsa oil discovery will be the perfect world for ADX but not required, a bog Aboid gas hit will bring home the bacon.
Cheers
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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3 | 32680 | 0.130 |
6 | 273270 | 0.125 |
3 | 138341 | 0.120 |
2 | 140000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 504000 | 5 |
0.145 | 416188 | 6 |
0.150 | 342237 | 4 |
0.155 | 10000 | 1 |
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