RE: What kind of deal will we get?4 Feb 2024 21:24
Considering many were expecting Synergia Energia (formally OEX) to go bust, this JV is an almighty step forward. If it’s two well and a bit of cash, there is no reason why we should see a jump to .4 plus - please don’t jump on the conversation spouting “we had less shares back then” as I’ll reply we had no pump back then, no value for condensate, no JV and perhaps no future but still we saw .4 and higher.
Now… if we get more than 2 wells in the first year as a free carry, that’ll be excellent.
Much depends on the detail, who the partner is? What’s there track record? How many wells,? How much cash? Once the JV is done then GOI approval is a formality.
Someone asked earlier “what hasn’t it risen higher?” I bet the asked that on the HE1 board when it’s was .2 the day before the RNS when it jumped to 1.4p
Patience … it’s nearly done, yes it’s taken time, but look what been overcome, issues with GSPC, multiple approvals from GOI, pumps that finally work, blue chips about to sign a JV, be happy… a day or even a few, it’s coming…