Let's just wait and see...5 Jul 2018 23:02
what the next few weeks bring.
It is impossible to magic up a definitive price as we still have too many unknowns.
The fields have been predicted to be on par with some of the Arabian gulf. If it transpires to be the case then we are all sitting happy. Until they put that hole into the seabed and see what comes from it we can only dream about what could be.
In the meantime BPC are pulling in some decent revenue for standing still - for years we have been standing still with no revenue coming in. Our company officials have not been taking their salary in preference of having shares to the value once a deal has been struck - to me that shows a good degree of confidence. Of course that does not add any real value SP wise.
In the meantime we await the result of the GoB decision on the EA and of course the decision by the current suitor as to whether they wish to a) continue to pay BPC 250,000 per month or b) sign up to the farm in agreement.
Once we know what the result of the negotiations in what kind of deal we will get we can again become a little excited. Until then we will, I assume, the usual debate of good and bad vibes. Stay safe all.