Was the rise in price due to the drilling of Mihambia-1 or the...

Was the rise in price due to the drilling of Mihambia-1 or the announcement from the company that WSS is prospective for more than 700 million barrels of oil? Who knows. If M&P are willing to gamble on Mandawa then who says Key can't find a dancing partner for WSS given it has greater prospective reserves and is closer to a producing asset?

The momentum monkeys should not be looking to Italy. Those who just bought in and are looking for a quick pop (you know who you are :):) should be cheering for either news of a farminee at WSS and drilling timetable, or the results of seismic at KN-1. Although there are doubts about a market for KN-1 gas, the price will pop largely if the size of the discovery is anything near where we think. Where the price goes the day after, and the day after that, is a different story. Probably backwards heavily. But momentum monkeys only care about the pop, right?

In case people don't know, M & P have a billion dollar market cap and have producing assets throughout Africa and Latin America, one of which produces at 9000 barrels per day. The company is also involved in shipping. And that M-Kuranga gas discovery they made, the supposed 5TCF onshore well, is actually too tight to produce accoding to their activites report so that leaves SS and KN as the sole potential producers for Dar Es.

M & P also said in the same report that currently there is only enough supply to satisfy 50% of gas demand in Dar Es. People who refute the findings of the company, who are actually exploring in Tanzania, might ask why they are still burning millions to find gas in Tanzania as we speak if there is supposedly no market.