SEUSF valueSome observations all JMO:
Technical analysis is difficult to intrepet on small caps especially oil cos
Profit taking is to be expected after an over 300% rise
Pel 83 will be developed relatively quickly. Galp has already announced 4 production wells and has annnouced plans to develop the oil field quickly.https://www.upstreamonline.com/exploration/namibia-galp-to-drill-four-new-wells-on-huge-discovery-and-is-already-talking-of-m
Major oil companies have expressed interest in partnering with Pel83 including Shell Total and Exxon. Bank of America has been hired to handle the sale of 40% of PEL 83. IMO speaks to the blocks potential and need for capital to develop.
PEL 83 is huge with a number of sites to be explored accordin to Galp
How big will PEL83 and Sintanas othe Namibian holdings be? No one knows, but comparisons to Guyanna have been made. https://www.bloomberg.com/news/articles/2024-04-26/namibia-s-oil-riches-may-mirror-guyana-totalenergies-ceo-says
In Guyanna companies fight to get in not out. https://www.cnbc.com/2024/05/06/exxon-says-chevron-dispute-over-hess-guyana-assets-could-drag-into-2025.html
Relax its all good
JMHO Farrell