RE: Dividends1 Dec 2017 13:46
Agree re: dividends and would not want any as I would use this to buy other assets. I remember seeing an article about the problem with Rhum being 50% by the Iranian Company but TCW didn't think it would be a problem for which reasons he confirmed in the interview.
Agree there are costs involved but we've done ok with 1 well Erskine and even then there has been downtime.
The beauty here is that there is a part interest in 3 sites and little cost to SQZ. Surely must be better than a new drill where you may find nothing.
Still seems a cracking deal to me.