RE: Placing6 Apr 2020 17:20
This as good as it could get for PVR. Considering the calamity of the failed APEC deal, the insane G&A costs of previous management, the clear need for cash, the collapse of the oil price coupled with the Corona virus. To raise the required cash in these markets fantastic.
Not only that, to get a new investor on board is brilliant. Norwegian not Chinese. It's a service company, they have skills and rigs not doing much. They are investing hard cash into the company, paying cash for the privilege of having a look and will put more money into the company in a few weeks time at the prevailing share price. It's a great endorsement .
It's been made perfectly clear that all existing licenses will be honoured.
This crisis has made it abundantly clear to all nations that independence of supply of the essentials of a modern economy are vital.....energy is one of them.
Fantastic opportunity here. This is a huge resource, the market cap is tiny, great opportunity.
A runway at last