Hi Luke...I think the distance from Tullow's successful wells is relevant, but as I said the other day the GBP ground is smack in between the successful Tullow wells and those existing producing fields of Southern Sudan. It is worth doing some research to see what is on the other side of the Uganda border to the north. It seems this region is a proven oil prone area and GBP ground is definitely on trend with the rift valley geological structures. The drill bit still has to do its work, but as they say "the best place to find oil is near where they have already found it".
regards DF
ps...if anyone can email me the text of the Stockanalysis piece at [email protected] it would be appreciated.
GBP Price at posting:
19.0¢ Sentiment: ST Buy Disclosure: Held
