RE: Malcy's RNS comment..4 Oct 2022 18:15
This is a reminder comment from the 29th Sept RNS...
This is an exceptionally good CPR and one which both companies correctly say is company making. With Gross 2C of 197.6 bcf and a gross NPV 10 risked value of $396.1m post tax it will rank with many as a massive UK onshore field and as pointed out, there is potentially much more upside from the prospective resource.
A huge resource which is good for both companies and also good for the UK’s bank balance and obviously energy security. The market has unsurprisingly marked both stocks down which is as about as accurate as normal but does reflect that at present investors are as impatient as ever, for the time being only long-term value hunters need apply, unless of course a big company comes along and spots that ten pound notes are available for one pound here…