In December when the sp rallied above 40 then 50 cents i didnt actually think we'd see it below 40 again at all having made a lengthy "bottoming out" pattern around 30 -35... so back here now is totally out of line with the production that is now coming on line and the next round of drilling thats commencing.
so i've topped up to a total 1.2 mio shares and opps combined now.. and happy to watch the drilling program unfold. wont be selling anything for at least 12 months.
i've heard the 2nd Raven well has shown excellent characteristics in the wireline logging and flow rates will likely be much better than the first Raven well ...just need the 3rd one to come on strongly together with a few more in T Bayou and this should bounce back hard.
once the target details of the Atocha project are out and drilling commences in Q2 momentum should gather even more strongly...there is potential to add very large reserves so load up whilst the panic or forced sellers are offloading cheaply. ... Sp 70 cent march, $1 + by June if all goes to plan. cheers CU
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