RE: Re-6 Dec 2020 14:30
Thanks Manwell, Miker and Harel. Sorry, naive questions fromnme, I don't ever invest in oilers. You have probably already answered my further question about what I had perceived to be a disconnect with the valuation, but I suppose then it must be infrastructure cost even though the site is said to be well connected in that regard? Even so, RBD is valued at £30m so isn't that fair for a gas field without an extra premium for the oil play? The bit I found surprising about Deltic was the acerbic tone of their comments when they rebuffed the share offer. What's the background to this, was it an univited hostile bid?