RE: Its not if this rerates, its when4 May 2019 00:13
You won't get many thumbs up for that post marineville but I couldn't agree more with your sentiment. I just can't believe how some on this bb can see nothing but positives to everything.
SP drops, thats good we can all top up, SP goes up, must be a leak good news coming. SP goes down after great licence news, big boys getting chance to load up. SP ticks up 1 %, here we go rerate coming and so on and so on.
The fact is that although AAOG has massive potential there is no clear cut plan in the public domain at the moment. There are so many unanswered questions. 103C, is it going to be fracked, whens the equipment coming?. Is it going to be sidetracked, if so whens a suitable rig going to be found( not anytime soon). How long to negotiate licence terms and will the much awaited CPR live up to the much hyped expectations.
Progress with AAOG has always been slow and i see no evidence of this changing and i really cant see full production from 103C happening anytime soon and it is for this reason that the SP is going nowhere at the moment.