JOG31 May 2023 14:58
AS DU pointed out this morning - the CRITICAL event ( I would say for the Share Price) comes in Q2 2024 -
" [LINK REMOVED]
............"Upon selection of the preferred development solution, the project will move into "Front End Engineering & Design" activities along with preparation of the required FDP that is planned for submission to the North Sea Transition Authority ("NSTA") for approval in the first half of 2024".
Like everyone else I can sweat on the next Farm Out date but in terms of the share price why shouldn't that be another damp squib like the first FO.
New uncertainty may well delay the next FO from earlier RN statements - although IF one does come it will be after exhaustive evaluation by the new equity owners that its all going to be all right.
So relieve the nerves getting hung up on the earlier RN date of second FO whether its 2023 Q2 or Q3.
But when and IF it does happen it will obviously be a big event - although share price might again not reflect
But very, VERY long time to wait to Q2 2024 for the only event that really matters