JumaAlthough I agree that in the absence of specific timeframe...

Juma

Although I agree that in the absence of specific timeframe from the brokers, we presume it is a 12-month target, but remember these are merely updates.

Imo, these are now short term targets, as 12 months from now, we would likely have had several positive developments from new license acquisitions, plus potential positive news from seismic results, early drilling, etc.

12B, Pangani and KK would all have telling updates; all expected to be good, based on neighbouring tenements' results and EARS O&G proven and potential reserves.

In 12 months time, our MC could be somewhere in the order of 3 times where we are now, and as one broker reported, any sign of a spud will see a sp of approx $2.75 per share.

Our management is first class - absolutely without a doubt.