Just a thought14 Oct 2023 09:29
Could angs sell their stake in Balcombe and solve their debt problems at a stroke? To keep it would mean further expenses as operator when they want to keep costs down. Personally I'd like to see them keep it and find a way of developing it but it might be worth considering. It is not a huge asset, but a valuable one with elevated oil prices and just the fact that is there, should ease the worries about debt. Those worries have, in my view been hugely exaggerated by the trolls on this board and should be sorted shortly. With the legal decision, debt restructured and elevated oil and gas prices, 1p and beyond is absolutely within range.