Some brief info from the meeting in Sweden (google translate)
Hinted that there are around 300 million in the first well in Kenya. He compared with Tullow who found 50 million in another place (come not remember the name), and spoke of Kenya The well appears to contain six times more. Note that this is my interpretation of what he said. Important to anyone else confirms this interpretation.
Additional finance retirement will not be brought in than the earliest end of the year or early next year. "Better to refinance at $ 20 than option at $ 8." Seems like this was a quote from Lukas Lundin (?).
Hinted that there may be around 100 million in Schabel first However, this must be tested. He believes the 75% probability that it will be commercial. Oil in Puntiland can be worth up to $ 10 when it is near the sea o require a short pipeline. Consider that it takes around 50-70 million in Schabel area for it to be worthwhile to build the pipeline, etc.
In Kenya, he talked about the value of around $ 6 that is more than Uganda because of better conditions.
He mentioned that Tullow said that Kenya can be 2-5 times larger than Uganda.
The estimation of the total potential will be updated, if necessary. doubled.
He talked about continuing with the production when he sees tremendous potential, primarily in Kenya. May take 3-5 years before prod starts.
Hill has moved to Kenya. Selling just their house in Canada (I think it was there
Regards
