this is the worst timed sell if you are thinking of it imo. could have got out before if required to do so but with extra dollar in the bank seems strange to ditch now. unless you know more than average joe hold tight will get more for your investment soon
"This is truly transformational. In addition to the US$165 million upfront cash injection, there is also an estimated US$5 million to follow for working capital, a net carry on two Etinde appraisal wells worth US$40 million, a further US$15 million on completion of appraisal drilling and a contingent US$25 million at Etinde FID. "
"The company has pledged to be prudent with its cash pot and, to date, is revealing little about its intentions: more detail on future plans is expected at the release of the interims next Wednesday."
NT22 - sorry, what's today's oil price go to do with it? We are not a producer... Today's oil price doesn't directly effect BLVN. However, the current state of the oil market does help us on the cost side (i.e. drilling becomes cheaper, lots suppliers with extra capacity, etc.)
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