Market Reaction: Positive. This is good news for the Company and is particularly important as it is the first well to be drilled in the Mnazi Bay for some years giving us confidence that the existing four wells can deliver at the 20 mmcf/d each that the Company has guided. First gas is still expected mid-July and a YE15 exit of 80 mmcf/d now sounds well within reach. Furthermore, depending on the performance of the existing four wells, there is a possibility that the early 2016 target of 130 mmc ....
