Don't understand the appeal.$280MM mc? Amazing. For no reserves, tiny shallow production from tiny fields with no export license. My gawd.
I am boggled that these guys were able to float a $1.40 PP - many kudos to them - the biggest con job, er, sales job I've seen in many years.
The number of juniors who got crushed in Kaz is so long, it's not funny. To see a guy from Arawak on board is even funnier - I'm sure he can tell you horror stories of how they were forced to sell. And ask Big Sky, Transmeridian and all the other horror stories, er extinct juniors how "great" it is to work in Kaz...
I looked at their presentation - CONSPICUOUSLY fail to reveal economics and difficulty of getting export licenses.
Best of luck guys, you REALLY need it.