RE: scir interview MR A rrow15 Jun 2022 00:08
Evening Shouldvesold
It always interesting that when someone wants to buy something, then all of a sudden others then have a look in to see what all the fuss is about. How do we know if ARA, having now seen the limited offer, might look in and maybe double it based on the same terms? (this would still in my opinion still be a very good deal for ARA!)
These things can interesting when other parties, once a deal has been put forward and they have a line in the sand, may what a piece of the action, it may just raise a few eyebrows in the sector.
You say years away? The $30b recent LNG investment is years away, this is just under 2 /12 years for potential first gas/cash flow from first investment (so very much near term in the O & G sector) with limited drilling risk but still gas/asset in place, 3D data due in a few months, non operator status with 25% stake, Onshore, Only 33km pipeline to be built (so not exactly a stranded field), close to gas plant, Main pipeline in country, well funded programme/partners, respected 50% operator, in country improvements for O & G sector etc.. Surely seems an attractive opportunity with limited risk for another party to now take a closer look.
This is a perfect opportunity for a quick counter offer when the current bidder only offers a fully stretched out poor bid but does have the benefit of cash on hand to pay ongoing costs. I bet there a few others who can offer this plus a better bid offer
Who says WEN actually add any value to their current set up as non-operations, they say they do, but they would say that wouldn't they, maybe ARA might see them as being a pain to work with ( I still think WEN and AEX were looking to merge at one point a few years back, and feel WEN couldn't agree due to their over cautious approach, so there maybe bad blood) who knows maybe they will love to work with WEN. All I know is that WEN are an AIM listed minnow (non operated) O & G company when compared to Zubair Corp
Don't get me wrong WEN are doing the best deal for their shareholders, and rightly so, but have they gone in too light, taken advantage of the SCIR situation and now the deal is at risk and could be taken away due to light offer and stretched to the limited? There were many investors saying this was Zubairs approach to cashout SCIR and play the long game. It backfired for Zubairs then if that was the case!
If an offer does come in, AEX/SCIR wouldn't be a bad place to be invested, that's why I wouldn't buy any more WEN (I have a few from a little while ago) just yet until the deal is signed off at the SCIR GM 29 June. If the deal is not signed off by shareholders, then SCIR & possibly WEN would not be a great place to be!
TBH though, if SCIR hits 1p before the GM 29 June - I will probably sell my holding and run for the hills and put it in AEX!
All just my opinion and maybe totally wrong but good luck - time will tell I guess!
PS out now for a few days, so won't be replying
Sign In
Follow the stocks
