CND 8.11% 3.4¢ condor energy limited

looks like theyve hit oil, page-17

  1. 29,149 Posts.
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    yeah i agree k, i cant beleive they gambled on monza/mugello
    to keep Mali .(although fenton said "they'd be out of africa
    soon" before they knew monza was a dud ????).
    You know in perishable businesses, grocers/florists etc, theres a saying "first loss best loss". This basically means
    when time is running against you ,drop your price early enough b4 you have nothing to sell or nothing saleable and lose your money entirely.
    I feel they probably held on for too much money for too long with mali re farmdown instead of cutting a better deal
    with eni in the first place.As you said the deal should have
    included at least one well being drilled.
    To get nothing(imho) for Mali is unforgiveable .You'd think they could even done some sort of swap for monza etc.
    What happened to Baraka minerals ? I guess thats down the
    gurgler now too.
    Lets hope they get one thing right LA PUNTA 2
    cheers c
 
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