RE: SP27 May 2022 11:32
* CUDA completion 10th June - 10th July
* RS IRR - RNS by 30th June
* Delineation well September - October
* RBL refinancing by end of Q3
If all of the above goes to plan, we should see a significant increase in the SP by the end of 2022. As we all know, nothing happens in a straight line, so there could be other developments such as a new land grab, CNOCC leaving the US or a Farm Out. It was interesting to hear AM's view on dilutive decisions, as he is obviously in favour of a CR to prevent too much of the asset being given away.
In any event, I am hanging around until at least the end of Q1 2023 for a clearer indication of COPL's road map.