With Tui in the final throws of getting ready to pump oil, I would expect the share price to rise over the next 2 to 3 weeks. I reckon that the 50,000 bopd is underestimated and it will most likely be around 60,000 to 65,000 bopd due to the nature of the sandstone and the fields in the Tui area.
Do others argee that share price should climb given the impending cash flow, or is this already accounted for the share price as the P/E is currently trading somewhere around 35x to 40x (compared to an oil sector P/E of around 17X)
either way I'm still holding given the potential for West Cape drill over the next few months.
Cheers
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