risk reward

I think it is worth emphasising the risk/reward profile atm. BUY has hardly reacted to the (so far) good news of Kiliwani or the successful ssp.

To me, BUY right now is quite compelling buying at 3.6-3.8c.
If Kiliwani DOES NOT flow commercially the downside is probably about 3-3.5c sp, but with Wisteria to drill later in the year, it is highly likely that the sp would then go back to about 4c before spud.

If Kiliwani is commercial then I would expect a doubling of sp from here..

They raised an extra $.9m over the original ssp goal so cash should be OK through to Wisteria.