They're doing seismic in late spring, which is not that far away. If seismic shows oil shows on ON SHORE Kenya then you could pretty much take that to the bank. Contrast that with unreliable seismic in deep water.
That alone will send the stock soaring.
As for the JDZ, it ain't over. Whether we are to believe them or not, the JDA is saying drilling again in 18 months. Is that just posturing? Maybe. But with the new SSR technology, perhaps it's more than that. Maybe Anadarko who seems to have some experience with the SSR technology will do exactly what you say...take it off the hands of SNP.
The EEZ has shown to have a lot of interest too. I think there's the potential for something to start soon enough over there.
Chad...who knows. Look how they secured CEPSA for Kenya. And we learned later that that was in the works for nearly a year. So things do transpire "secretly" behind closed doors. CEPSA is proof of that.
For all we know they are on the verge of something in Chad too.
You can call all that speculation, but I still call it investing. This management is excellent, and you are right that those who blamed management didn't know what they were talking about. They added numerous properties to their mix after the JDZ.
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