Merlions flight on the back of Blindbat Bad news, I do not know 1 person who remains invested on bad news haha and. Pure fantasist. Why dont you tell everyone for the 50th time why you remain invested in Simba and why Simba cannot deliver and why you are pi5 5ing your families money.. I suggest you jump on the back of Blindbat grabbing his shirtfor dearlife ;-)
Hassan quotes in the oilbarrell that they expect a 2 drill free carry, Hassan quotes it can cost 15-20 million per drill.
How much do you think Simbas acerage is worth alone?
Reinterpretation of 2d seismic, passive seismic and further 2 and or 3d seismic should put a value of 15 -20 million thats without a farm out just for acerage and work done. If a major drills at a cost of 15-20 million per well depending rig crew and target depth etc, why cant Simba do it for half the price?? Majors do not look at cost , they spend big. Do you think a construction business who does a turnkeyproject is cheaper than a project which is self project managed.
What makes you say Simba needs to spend what a major does?? Why cant Simba get a cheap rig ,theres loads floating around. We are in the middle of a world economic crisis. Why cannot Simba do a drill or 2 for 5-10 millon dolllars??
Hassan quotes we are understaffed, does that not tell you Bob is not the oil man at Simba thats why they are recruiting a top oil & gas man. Brownie points to you for stating the obvious which was stated in the news relase BLINDBAT!!!
You have gone to the extreme of what a drill could cost onshore and that is top end very very top end depending on the depth.
I will email JD and ask him the very question. 50 yrs of oil & gas exploration should give us a pretty accurate answer.
I am all with Simba that they do not let go of 50% of Kenya for less that 50million. If they cannot reach that deal, I say it we go it alone.
Like Hassan says they can fo o k off.
ATB
BR