I have trouble understanding why the SP sits in the 5s. The chance of CESPA leaving before phase 2 has been eliminated, which IMO dragged the SP to where it is today. With that possibility gone, the SP should be climbing back to double digits knowing that our blocks will have $30Mil invested in them shortly. Either refining the 2d seismic with 3D seismic or go straight to drilling. That can only be good. Drilling will come, it is only a matter of determining where it is to take place. Does anyone really believe that CESPA will spend all the money, time and effort to get its feet in Kenya and not even drill one well? That makes no sense!
I hope for a drilling announcement by Christmas, but I am willing to wait longer if 3D seimic tests are conducted.
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