The Uguandan prospect, which Global can earn 50% of, is adjacent to,on trend with ,and in the same basin as Heritage and Tullow's find. Seismic shows traps in place and recent soil sampling shows oil seepage remains which are chemically identical to the Heritage/Tullow oil. This last is considered especially reassuring as the primary drill risk was considered to be the question of whether the source rock had been sufficiently cooked at the northern end of the basin, this is now positively answered.
So a low risk drill giving considerable upside in the event of success due to the small size of the company. Support seems justified.
Drills should be turning in under a month...
