The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
False Alarm : Meeting of the Council of Ministers on November 18th, 2023
The Council of Ministers met at the Government Palace in Dili and approved two draft Decree Laws, presented by the Minister of Transport and Communications, Miguel Marques Gonçalves Manetelu, on the Vessels and Ship Registration and the Technical Inspection Service for Ships, to establish the rules and procedures for registration and inspection services for the use of national ships and vessels, under international standards for maritime safety and protection of the marine environment.
https://www.youtube.com/watch?v=KZYpAQAFfuI&ab_channel=Proactive
Other quantum technology making the news
https://www.theregister.com/2022/11/10/ibm_and_fujitsu_detail_quantum/
https://youtu.be/NDgIbTm7n94?t=4155
This was the point where selling was mentioned.
Didn't RBD recently sell their Corallian asset for £32 million ? That was approx. 180 BCF recoverable gas.
BOIL claims it has 3600 BCF which is 20x as big.
20 x 32 = £640 mil. , of which 75% = £480 mil (approx. 3.3p per share)
Just another way to get a ballpark figure from recent asset sale activity.
Looks promising. However, I would much rather them have said they would be prepared to take it to production if the right bid didn't arrive instead of saying they won't be producing and losing a valuable bargaining chip in the possible sale price.
@Tandmeister you can access from here, just go back on the timeline at the bottom, currently about -4hrs back
https://www.youtube.com/watch?v=jteDolHnQbk&ab_channel=WOGCC-YouTube
As a purely hypothetical future price, I read an old article that showed the average sale price of about 130 non-producing gas/oil assets was between 4 and 5 dollars per boe. Chuditch is showing 4.5 TCF which I believe is approx. 800 mil boe. Assuming only half of this to be conservative would be 400 mil boe. Taking the lower figure of 4 dollars X 400 mil = 1.6b dollars of which 75% 1.2b dollars. Divide that by number of shares and exchange to pounds for approx. 7p a share. As I say only fag packet hypothetical and assuming an asset buyout which imo would be a sale of Sundagas rather than a pure asset sale to keep it looking like a local TL company running it.