Farmout - Tullow/Chariot30 Jul 2018 23:59
Indeed, I agree with you about the bullish prospects going forward. With Tullow & Chariot actively involved in operations, great Seismics as well as initial oil shows, I'm very hopeful about the Farmout prospects - I wouldn't be holding stock if I wasn't and certainly like the potential upside from the current price level.
That said, it's important to look at the overall picture, even though the current Farmout initiative is the biggest play.
Regarding any asset aquisition, I actually think it'll strengthen the company, especially with the contacts & expertise within the geographic region (I believe) is being targeted. This could actually turn out to be a massive boost for the company so fully support the general strategy there.
The Italian appeals are of interest and as the RNS stated, the Courts have rejected other appeals recently along similar lines. That said, although we can't be (absolutely) certain of that outcome, the Farmout is the real prize we're looking at - that gets confirmed and we'll likely be heading comfortably into a double digit price zone.
Imo & atb all