RE:RE:Gazania-1 going to spud early ???Pretty close to what they just released, they are also being quite due diligent with the locals in SA. They were permitted and good to go but local goodwill goes a long way in potential issues down the road.
I took a look at the previous SP when we were targeting Jethro @15% targeting 100 Mil barrels. When it hit Eco was well above $1 usd. I will however stock to my previous analysis. One thing Eco has consistently done well is it's been on time or ahead of time in seismic or drilling which is rare. Gil runs a tight ship. $.35 is a bargain risk-reward with September being one to remember as we will be both drilling an updip of a proven basin and that Tullow will need to make a decision on Guyana as liscense expiration will be an issue and it generally takes 6 months to mobilize a rig.