No need for TG World to spend a dime in the seismic, and the drilling of 3 wells. CNPCIT very agressive in Africa and not concerned with Political correctness. To them it's just business. China is agressive in going after the remote oil possibilities in Africa and is making large deals throughout.
An excellent promotion over the next year with potentially huge upside in share price, given the extremely low value now.
Threshold for development of a pipeline according to the President of TG World Clifford James is 400 million barrels.
And a possible joint venture pipeline with ESSO/Petronis is possible as well. Of course many doubters arise from hearing these numbers.
The large basin stretches onto TG World's block, and widens as it does so. ESSO's Agadem block is massive with numerous discoveries so far, and possibly many more to come.
In my opinion, this is a very tightly held company among Calgarian Oilmen in the know of this little gem in the rough.
When US speculation money is pouring into undervalued Canadian Oil plays, the price increases can be extreme. This company is not on anybody's radar right now. Accumulation of any serious amount of shares can be difficult at this early stage of development.
Early on in this play, much to come.
