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Well maybe not £1 yet but hopefully soon 12 years time..
Regards
Limopete
I CRIED IT IN. My post 22.49 last night!
Gla except rocket lol
ONLY 87P.
I'M OUT....
Would be nice to have confirmation on the drill ship.
Stena and Repsol released info below.
Repsol has contracted Stena Drilling’s drillship Stena IceMAX to work in block 29 in the Salina basin offshore Mexico.
Drilling is expected to start in May/June 2021, the company announced via social media.
Your wrong -
It was 87p
:-)
36p sounds right, though if this was the case I would have thought we would be slightly higher now than 2.35p aas we are c12 - 15 weeks from spud
I may be wrong, but wasn't the 36p analyst estimate based on a successful spud (i.e. with oil present)?
I was not expecting £1 at point of spud but certainly more than 8p. I thought LK reckoned before merger of Columbus being around 10p and then 22p in May of 22. Also there was an oil analyst on about BPC in February who estimated the share p;rice i think it was at spud suggesting 36p per share. That would suggest with the merger that the price would be :
BPC 75% of 36p = 27p
Cerp
I would think both prices are out and the real result will slight below half way between. On successful spud it will quickly move to £1 (imo) but before then. LK suggested that Columbus i think (pre merger) would be around 10p (22p by May22) and an oil specialist back in Feb i think it was suggested BPC to be around 36p at spud. He described it as potentially a complete game changer i think it was. Since then the merger has diluted this down so my calculation is 75% of 36p is 27p plus 25% of 10p is 2.5p the two together make 29.5. Take a bit off for further dilution of shares and other issues and my reckoning is a price of 25-28p as an estimate.
But half billion MC is approx 15p.
I would welcome the idea of £1
8p rubbish LK promised cerp holders half billion MC so expecting £1 at least.
Regards
Limopete
Yep, 8p seems to be the consensus on all the discussion groups.
First step in spud, I wander what the sp will be after spud 8p seems a common price
Can i ask a question to the oil men on here who been there and done it.
From what i can gather this well when it gets drilled is an exploratory well. Chosen because there potentially 9 reservoirs or pockets of oil (potentially). consequently i would guess we are getting nine spins of wheel with one roll of the dice so to speak.
This well is to qualify and quantify what is or is not down there.
What happens if we have a gusher i presume that we will be prepared for likely hood no matter how unlikely it might be.
If it does happen how does it affect rest of the drilling to confirm, qualify and quantify the other seems that may come after this gusher.
I know along way ahead but l like to think ahead
Fr