Takeover ???
We've talked about this before. The possibility of a CREST INVESTMENT
or NEWAGE (New African Global Energy) takeover. It's still in the cards,
but I think it's a little bit to early. When GPK (GAS PLUS KHALAKAN) is
a proven moneymaker (bear its own costs and expenses, generating profit)
it just might happen. But as I see it, not within the next 18 months.
Now I could be wrong, but that's how I see it.
We are still waiting for the Shewashan #4 results. And then more ...
Don't forget that NEWAGE (The operator) are aiming at 12-14 wells and
up to 60.000 bopd.
With more successful drilling the share price is bound to go up.
But for now I think RGO will stay in the range of aprox. 1.5-3.0 cent.
GLTA / Bubo