RE: Qatar and Jenkins Energy Group $15bn buying spree of Africa gas assets29 Jan 2022 18:22
Ufufuo, great find, and insight to post it, thanks!
Tanzania, the 3D Seismic will be in and processed before any asset sale by AEX or APT, and thus valued on those results, which with 3D Seismic will be 1000% more accurate than what the resource has been based on so far, and IMVHO will increase a significant amount, possibly even indicating oil.
Although with $15Bn to splash around, they could possibly buy AEX outright for say 3p per share for £113m, which is a 200% increase in the share price today, I'd fully expect the AEX BoD to reject such an offer as significantly undervaluing AEX though, and then Qatar/Jenkins would have to buy in the open market, pushing the price up to maybe 10p before the last holders yield. I'm holding from 4p, so 10p would be fine with me in the short term.