RE:Trading Yes, my thoughts exactly.
We know for sure that there is oil. The only thing left is to prove that it is commercial. With the sequence of events coming up, it is impossible to see how we don't get it to be proved commercial. Steinke says 6 months if we are lucky, 12 months if unlucky...but that is lawyer speak...underpromising and eventually over delivering.
Next up is detailed results from 6-2, which should hopefully include permeability and porosity. We already have a 10 mile radius for 6-1 from 6-2. That should allow us to have a back of the envelope resource estimate, even if you only include the middle section of the pay zone.
After that, we have seismic & VST data...possibly interpreted within weeks of processing. Let's say this is finished by October end. That will give even more confidence in the resource.
With the seismic data, we will have enough juicy traps to drill into. Then we start the Drill Baby Drill program...for years to come.
My guess is that we will be trucking oil to Rundu by July 2022. T