Leak,or SpeculationLots of chatter on Avanza this morning about yesterdays volumes, timing of HSBC rec (poss pre cursor to sala ann.), TLW apparent shading of Twiga 2 as a hit on page 31 of their latest preso and target depth of Shimela being reached. All food for thought and hopefully should see us back in an 8-10 trading range.
from il ciclone on avanza:
Suddenly it happens in this share, the one time it will fall on new finds and the second time it rises at no startling often the UBS-hand with a finger in the pie. Do not think UBS suddenly read a little recon and woken up and started to fill up, more likely in this case that speculates about the results or already hints. We know from before that the results tend to seep out from that company, ultimately it was well Etukos bad flows as some had an eye on and which lay like a wet blanket over the course. Now, one can hope that there is something positive that makes UBS shoppers and the question is what it can be. El-Kuran I do not believe and Shimela is surely too early so then it still only really Sala, Twiga-2 and resource update. Both Twiga-2 and Sala should be so clear that you have a good handle on what they provide and should be ready to report within the next two weeks. Hits Sala oil, it would be a huge bonus, no giant hopes there but the chances are probably greater that we got a nice hit in the Twiga 2.It is the first we are drilling with oil-based drilling mud, and with a little luck to get the nice effect on how much we can flow from there and hopefully we have also seen in the upper Auwerwer stocks which could make a fine addition to the resources of Twiga. Resource update may possibly also come in positive, we have not at least Amosing which according to Tullow will be the best we have found so far and that the market barely reacted when it was first reported.
Otherwise it's a very exciting period we are entering now, we have Sala in the near term and Shimela started and in Q2 we will start a lot of exciting drilling. Gardim will begin in Omo, eTOM and Ekunyuk is also underway and Dyepa also planned for Q2 and in Q3 we drive Kiboko. It is very now, let's hope for good results.