RE: Corporate Action?7 Oct 2022 11:14
I think the new owners of HUR will eventually charge ahead with P8 and other WoS opportunities. Maris will be paid off and existing small shareholders may well be offered a cash share deal if the successful bidder is a mid cap oiler. The whole thing might go into private hands and anything north of 14p would do for me.
FT this morning:
UK regulators on Friday began a new round of licences to enable companies to explore for oil and gas in the North Sea, as climate campaigners signalled they would aim to mount a legal challenge.
The North Sea Transition Authority is expected to award more than 100 permits to companies by the end of June, as the government seeks to bolster Britain’s self-sufficiency in energy following Russia’s invasion of Ukraine, partly by extracting more fossil fuels from the North Sea.