What concrete news:
1. that it’s open basin discovery
2. largest oil and gas discovery de risked on onshore Africa
3. All samples were collected with conventional sampling tools meaning excellent permeability and porosity fundamentals
4. It has a net pay 4 times the size of STX initial discovery
5. net pay going to increase over next 2-3 weeks as more news flow hits
6. Sample analysis gets released in 2-3 weeks time
7. Porosity, permeability, saturation and pressure of reservoirs released in next 2-3 weeks like MK1
8. 3 billion dollar offtake
9. SAPP infrastructure near by for gas to power sales
10. Zimbabwe PPSA being signed as advised by team last month this coming period ahead
11. more offtake agreements before flow in next 3-4 months
It’s already a multi billion dollar asset. You have all the concrete data you need. You’re just getting picked off by instos and investors soaking over the next 1 week before news flow potentially will hit. Should never be trading at a 150 million market cap with 20 million in cash and a basin discovery on par with 88e shocking
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