RE: Below 5% Schroders10 Apr 2019 20:07
However you dress it up this is JOGs biggest II calling it a day, which isn’t a good sign. Also if further funding is required they’ve lost a major player going forward
I did derisk some of this investment in March but I’ve still taken a big hit. I really didn’t see this result coming, if I’m honest I’d have been a bit disappointed with only 60mmbbs but to find no upside at all is a real shocker.
Not sure where JOG go from here as this was their only asset and now it’s on a knife edge, the problem is this isn’t too much concern to Equinor a multi billion organisation they will pull the strings as what suits them.