RE: i wonder if23 Jan 2019 20:29
RD everything is possible and that one is at the back of my mind although I think more possible he JV option with 60% combined group controlling.
If however they are bought out which we can’t rule out we could be talking hundreds of millions. I have seen tiny strips sold for huge sums of money and don’t forget this is in the Tano Basin and is a large area. Therefore more likely JV as the value on this block would be huge.
A JV is not straight forward as there are a lot of adgendas to align with many personalities, only an expert could finalise a deal of such nature and that is what I think Strand Hanson are doing. All has to be agreed from feasibility, drilling, capex, profit and do on.