RE: PEEL HUNT don’t think it’s going higher18 Jul 2024 13:31
It's been a rocky ride to date but this transaction completely de-risks any capital expenditure needs to increase production...
but still provides us with the massive benefit and leverage of all future works undertaken on the licences for the next circa 30 years. Given the current estimated life of the wells at 20 years plus, it secures PPPs future for many years to come.
Shareholders should not underestimate the material value of receiving a ORRI on oil production from these wells. There is a lot of oil in these 2,036 acres
From the horses mouth. Director told you yesterday. Don't fall for the 'placing coming brigade' who want cheap as possible shares which will be swapping hands at 4p come end of day