True but if we merge we stil own Nambia and all that juicy seismic + we will still have our Morocan well to look forward to next year. The only difference would be that we have a shed load of production to look forward to
Huge negative. Namibia south on a strike could be worth £4 per share. Ditto ditto ditto. FAR ltd market cap is very large based on the Senegal finds alone. The value of the seismic alone is worth £loads ... We ask have a free carry on Morocco
The value of most London listed oil companies has been hit hard. So those conpanies would argue that their share prices also offer good value and we can share in the future growth of the combined company ...
Just to get the ball rolling here are a few numbers to wet your appetite.
I would be willing to consider 1 cairn share for 15-20 Chariot shares.
1 Ophir share for 8-10 Chariot shares.
Or 1 SEY share for 1 Char share.
All of the above gives us somewhere between a 50% to 100% premium to the current share price and allow us to share in the future success of Morocco Nambia Maritania and Brazil.
In some cases gives us some solid production growth in the next few years.
Can anyone see a major negative to merging with someone like Cairn?
After Cairm spending $26m to farm in, do you really think the license would be allowed to expire by either party ? Especially given the largest oil find in the same oil fairway just down the road in Senegal by Cairn and Far?!
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