RE: ARC Note review5 Nov 2021 07:30
Thank you Tiburn , that's uplifting and reassuring. Very much appreciated.(High quality)
Now over to AM and his team to try and manifest the additional forecast rises,
ARC assign additional SP value to multiple elements, when combined approach HFB peer SP valuation
- 19p additional SP for an increase in confidence in the current 2P reserve
- 39p additional SP for achieving the IRT simulated 4k bbl/d net prod level at the BFU by mid 2022
- 75p additional SP for a potential 38 mmbbls discovery at FD
- 15p additional SP for Nigeria first well success
Current Sp = 28p
Plus share value value accretion combined = £1.76 a share by mid 2022 potential.
This doesnt take into account sentiment, market interest, WI gained form Cuda and CNOOC, other assets, greater than expected FD discovery, Nigeria production potenital, WTI super cycle.
GLA