Im in. This one should start heating up soon. A good team behind this one. Alot would have been learnt from the previous drill and the success rate in oil strikes in Uganda speaks for itself. Before GBP's last drill the hit rate was 22 from 23 oil spuds in the area. The rig also looks good with 15 mechanically successfull previous drills.
It will be interesting once spudding occurs as the usual manipulation games are most of the time rife among oil specs. Add that to the fact that GBP is a leaky ship and things will get exicting to say the least. One not to look away from for too long thats for sure.
Bring the black stuff i have faith that GBP and TRP will find what they are looking for and in a game of probablities with regards to the success rate in Uganda and GBP's first well being a duster you have to rate your chances. Also they seem really confident to go back and attempt another hit near their first... they know this spot is gem.
GBP Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held