Bid Sooner than Later?25 Feb 2022 07:40
While I appreciate there are geological concerns over the life of the well beyond 2025 it is generating $60 million a month and HUR has other licences in the area hence, if I were an oil major I would be talking to Crystal Amber about an early bid. Crystal Amber want to liquidate their fund and would probably sell their stake for a modest profit this week. Waiting will only increase the cost of buying HUR whereas it is available for pennies per share now and one fund owns 28.9%.