Waiting game-Has anybody been able to call energulf or Universal about whats going on. Its been months without release of an official Namibian NR.thereby releasing this hole from a tight hole status. So, what they are simply saying is, lets do all our research etc. to determine the value of gas or oil in the ground. Figure out how much its going to cost to develop, and bingo, the big boys move in saying thankyou very much, we have the money to develop your new discovery. Here's how much you get. .
IMO, they have a substantial pool of hydrocarbons , and it is attracting more interest from the insiders, to the point we have seen hints, and NR's concerning more events developing concerning determining the facts about this discovery of hydrocarbons. This discovery is so top secret, even a meeting date is not allowed .
IMO , if nothing was found , like its a wet well , dry hole etc. then we certainly would have known by now. However, why are they testing, why are they bringing in experts, etc. --- The bottom line is they have good cause that more exploration, and analysis work is warranted. Then, when all of this conclusive work is finalized, an official NR by the Namibian gov't will be published. What a day that will be shareholders of ENG and UNX. LOL---