RE: Would £14 million for the Angus share of Saltfleetby be realistic?2 Dec 2021 08:39
The value of the gas project is worth £50 million very conservatively. In the next 3 months we should be producing. Lidsey can be worth £50 million plus if we hit the sweet spot and produce decent quantities. The current SP defies all logic and reflects a credibility issue with the BOD.
A deal can be done for Lidsey, provided the data supports it, where the JV partner pays for all development and drilling and makes a golden hello payment for getting a slice of the action. £2 million for drilling etc plus 500K for angus in return for a 20% stake is not bad deal provided technical data supports it.