RE: I agree with Mr Investment18 Nov 2018 12:10
Agreed a £9 million Mk is very low.
Looking at assets and the fact that we have a clear way forward to drilling with money in the bank
we should be around £30 million Mk.
Have to agree with Blutonyblu.
GSPC have managed to save face by paying up £3 million but I doubt they have the funds to pay the 55% ongoing costs.
The solution for GSPC is to bring in a JV partner and sell X% for a free carry.
If this happens then OEX become the biggest holder/operator and GSPC, Government, Banks save face.
GSCP then get a free carry.
Happy days
Cant see this any other way
GLA