RE:11b/12bLooks like afe is nearing the commercial agreement between total and the sa government, all the last minute cards were drown- the option of lng fpso was leaked (obviously for negotiation reasons), now volumes are revealed to put somemore pressure on the government.
Big upside here near term.
Took the first byte at 18.5, second at 17 and the last one at 15.5, target price for me is around 24 but if i see the market will not react as expected will sell even at 21.5 but it will rally will give 30 a chance..
My belief is that once an agreement is reached not only a development is on the table but a quick return to the exploration work that was planned but was delayed in light of the massive discovery at luiperd.