oil show, page-24

Agree, risk id say has gone higher.

I guess failure is priced in, thats not to say the stock cant sink further on confirmation of no oil.

however if you step back and remove Tunisia, you woudl ahve to think Aje, a $50m+ free carry at Odewayne and Ruhuhu are worth more than $25m?

The cash will need cash regardless of the outcome so raising is always a concern.

Management are astute and proven and have skin in the game. failure in this well isnt a reflection on them its just the nature of oil and gas.

Given their contacts i wouldnt discount that if this well fails, they strike a deal for farm out of Rhuhu with a cash component to avoid a raising. I know it's a stretch but if they could do that it would be a master stroke.