RE: Buyout Coming!14 Dec 2020 15:45
persimmon - it must be a difficult decision for David. He will not give it away for cheap. He also gives me the impression he is a few steps ahead and very smart. Everyone has a price in mind and if enough was offered, we would be very cash rich over at UJO, what with Wressle coming in to production too. Plus a very important drill with Biscathorpe planned end of Next year. Biscathorpe appears to be David's favourite so I can only take from that Graham has re studied the seismics and is confident of what is there.
I also believe David has another asset in mind to buy for UJO.
As a 'team' Reabold, UJO, Egdon, Rathlin , they all work well together. Then the question as to how this will all play out in terms of who will eventually own what across all of the operator's and JV's assets is very thought provoking.
What we do know is , West Newton is massive. Patience will reward.