CEO interview today For those who haven't listen to the interview as yet, here's the youtube video from this morning:
https://www.youtube.com/watch?v=P2ldA7euxIc
Couple of notes:
- focus on oil not gas and that's why they are in the Walvis Basin. Remember, Walvis is considered the mirror image to Brazil's Santos basin. UNX Energy had it's blocks in the orange basin which I believe is more gas prone yet HRT valued them at $730 million for the take out. Imagine what EOG with Walvis blocks could be worth?
- Like the way they are getting locals involve in the investment opportunity, hugely positive to get the locals to be part of the upside potential. 20% already owned by the local founders.
- Chariot currently drilling first ever offshore Namibia well based on 3D seismic. 25% chance of success and we should know in about 55 days.
- CEO said Namibia is the best country to do business in compared to others he worked in such as Ghana and Botswana. For any that knows about investing in African countries, you know that Botswana is one of the best yet Namibia ranks ahead according to the CEO.
All I can say is hang unto your shares, all the upside is ahead.