If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Afternoon alligator,
I see three potential scenarios ahead.
First one is that CalE and IOG remain 50/50% partners all the way through phase 1 and phase 2 production (my preferred option as a long term holder for growth as the IOG / CalE partnership grows to a midcap company)
Second is that CalE remain 50% owners and Mr Oil Major buys out the IOG 50% shareholders once we prove up Harvey and work towards Phase 1. (would have to be a good but fair offer to entice shareholders to exit early as IOG will most likely prove up the assets to become a mid-cap producer, especially if Harvey comes in as expected….or better)
I cannot imagine CalE having any desire to sell their stake here, this is more about having an indigenous, long term gas supply from a very safe benign environment (relatively speaking) and not seen as an opportunity to turn a quick profit.
Third and least likely in my view is that CalE take over and own the assets 100% (they are currently minor holders in the SNS but not an operator and as they have shown no appetite to be operator in the IOG partnership makes me think this option would be an unlikely one to pursue)
All of the above are win win from where we sit now and it is all about personal trading strategy and where individual investors see this unfold.
I have always wanted to leave a majority of my holding to run through well into production for the chance of maximum returns and hopefully this will happen.
As always good luck to all whatever your strategy
Exciting times ahead
GG
GG, Good morning.
Valid comments. Indeed, I would suggest that the presence of BH behind CalE will do no harm, quite the opposite, to the prospects of signing the bond deal. Investors in the Nordic bond markets have proven to be both canny and perceptive insofar as the North sea and its prospects are concerned and IOG will undoubtedly be assessed beyond the core project. That said, I can't help but think that, notwithstanding CalE's deal, many midcap/major o&g companies may well be running their slide rules over IOG. That would be an interesting scenario to see a large o&g producer go head to head with BH since, as I have said before, I do believe that BH has more than just a farm-in in its sights in the deal with IOG.
All just theoretical but interesting nonetheless.