Yeah island girl, did not want to mention another share on this board. This will multibag once there is some activity and yes getting in early is the way to secure maximum returns. However if he is allowed to sit and take a salary for the next 2 yrs I can not see him doing anything. My guess is he is just waiting for oil prices to get high enough for someone else to come into the sc55 licence and drill cinco. Main issue I see is although we can see oil prices higher in the future, they will not be $100 . At what price does this not only become commercially viable but a big enough risk for someone to take it on where there are so many new play type out there which will be commercially viable in a lower oil price environment. What happens in 18 months when the moratorium runs out? Do they just keep re applying to do nothing with the licence or do the end up losing it all like the other licences which RMP holds.
when do you all get to try and get rid of bandy? was it November? can not believe the spread on this share at the moment. I keep checking in to see if it is worth buying in again at some point but bandy has just taken his salary for the last year. Pleased I sold as I have made up all of my losses and started to make a good profit now. How much cash is left in the bank?
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