Looks like a winding path back down lower. Top up if it dips into the 80p region again. £250 million will pay for many multi horizontal drills in Shaikan. Should see this well over 100bpd easy in 12 months.
Are we of the oppinion that such a aggrement would boost the sp here. Or will it continue as normal and defy all logic. CC verdict springs to mind, Sp nosedived after all the hot air expelled over the great result for Gkp. Esox.
Same with a few of the oil shares around with proven reserves - it would be cheaper to buy them out than drill an exploration well with all the associated risk and then appraise it etc! I remember one of the IIs last year (might have been Goldman) did some research on this and came to the conclusion that it should result in increased M&A activity.
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