RE: Reality check24 Oct 2020 12:00
Companies with 3000bbopd, and cheap fast expension plan to 6000bbopd in a year and transformational assets are valued at less then 20m pound.
If p-1 is a duster you lost your money, youll be able to sit for a few years on 0.5-1p thanks to the cerp merger and perhaps get out at 2p in a few years.
Cerp retail investors are aware of that.
Star, not trying to look down on you, but in how many oilies were you invested other then bpc?
You are very naive persuading your self your investment is hedged, its not!
I hope for you all p-1 will at least prove one or two layers so it wont be a total duster and then your investment is gone.
It is a very interesting well and there is a chance of a major success and multiples to the current price but if you think you are hedged you might find your self in a very bad situation.
Just simple facts of the game..
GLA
that mean when SP hits 4p you turn negative
nice