RE: CoS mou-5 drilling6 Mar 2025 16:44
If there is gas (and/or oil) then it will be a trade sale not the stock market that dictates value to shareholders.
However, if someone can pick up a stake it can be sold cheaply as was Ithaca but even then the pricing of Ithaca assets would be highly remunerative here.
Again if there is a find, Jerry and his pals will likely get heave ho soon enough as others smell the Advisory/Arranging fees - that takes PG out of the equation as they'll dictate the value.