RE: Maybe Shell are dragging their heels21 Jul 2021 12:34
2 Billion means £10 a share, l would suggest you sell out at that price and leave the company to make money, for the following reason.
Main 3 gas well can produces 10k boe a day equivalent, PB already stated he can add another 3 wells to each, that takes
that to 40k boe. If Royston is just a big as all the rest and can take 12 wells production at 80K a day, assume a daft price of
$50 make the revenue $4 million a day on a year, I make it $1.6 billion. What about the other 24 years of revenue assuming
a well lasts 25 years and that for exploration 1. What are the numbers on Kraken, Steelhead and Gaudon and anything else they find.
I will take £10 a share and dividend and continue, happy on £1 divi on half million shares per year and let those that want to make the bigger money continue.