looks like14 Nov 2018 09:41
Nothing will be priced in until a deal is announced, if indeed it is. The fact BHGE have a 30 day walkout IMO is because they want in with infrastructure IF a major will take the production / sales end. If Exxon or similar do sign up i believe it will be a complete "well to sales" deal involving JV. This should make us all quite rich quite quickly. If however this falls through and BHGE do not see the mileage in going it alone with FRR we will be back to sitting on lots of oil and gas but only a long term plan to monetize. If the latter i would expect a drop on bad news followed by a slow climb back to recent highs (.8). If this does get the deal, well my guess is meaningless however north of 2p seems a cert. I can only imagine that ZaZa will take a deal worth say 2p in a few months rather than continue the slog so will be working hard to seal the deal. Until then great for traders, us who hold though will need the P word. ATB