And they now have a cushion at least under the poo compared to bbl production costs, which as per ENQ seem to have yet further potential for reduction, so less of a seeming idiotic move now to declare an interest and act on same, particularly before the possible a** over t** situation that could arise if the codicil in the Bonds had the potential to be enacted.
That's another curiosity to all this as to why XER accepted the conditions they did, is this negotiating time to partner up? This market cap -V- NPV10 seems to make absolutely no sense if one was a prospective oilco partner, seems a no brainer to us novices never mind the supposed experts.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.