I think Africa Energy Corp are going to take a share in the company or take it out completely and they will farm it down from there
I know for fact they are looking to increase their foot print in Namibia and have been looking at several opportunities.
They told me that if Cormorant is a success or even technical success this will increase the value of these opportunities.
Hence they would like to complete a deal before the Cormorant result
GBP is at a huge discount and the assets can not be ignored and is the cheapest deal on the Namibian market place, for one of the best prospects
GBP Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held