The Lukoil deals significance not only relates to the money BLVN will receive but also the probability of the acreage being developed. Once the formalities of transferred ownership occur the probability of the development of the asset increases considerably by the simple fact Lukoil are on board. BLVN by association will rerate along side the simple fact that the acreage has a much greater probability of being commercialised because of Lukoil.
I know what you are saying Matt but there were plenty saying that they were waiting for the actual presidential signature before buying and I certainly was happy to see it formality or not. I tried to buy another 10Ks worth but messed up the limit order by not calculating the 2 quid fee Halifax charge which meant I was under my order by that amount . I thought they charged it out of the full deal amount .....I was miffed of course but now couldn't care less ha ha !
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.