To be honest, this announcement does leave a little bit to be desired. No indicative CAPEX or OPEX figures and no comment on possible startup dates.
What was good to see was the CTL comment, because it has been rumoured that the likes of LINC Energy have been assessing some assets in Botswana to utilize their technology on; perhaps a JV with LNC down the track could be on the cards? 40k barrels a day, wouldn't that be something out of left field!
NMR Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
