GBP 0.00% 1.4¢ global petroleum limited

who's still holding, page-5

  1. 1,299 Posts.
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    SD 40

    The followng Post sums up my position (coincidently posted in the last hour or so) from Tower thread Interactive Investor - courtesty of redimp981 - more tech knowledge than me ;

    "Awaka was not a complete failure, despite being plugged. The oil was not trapped there in that particular reservoir, but the Co. is now able to follow up the leads opened up and track it down in the Victoria Nile delta.

    Note that Tower`s is a two-well programme, with Sambia spud and shallow 550m drill expected if Global approve the Iti-1 test data. Might be an Awaka scenario to start with, in which case hold TRP. Hold anyway, as Iti-1 success followed by success at Sambia would mean the whole acreage is in play, and the sp could leap fourfold from Iti 12p up near 50p on Sambia results."

    Anyway same conclusion I suppose.
 
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