RE: Petro China T/O of Block XX - Partnership on New Blocks22 Feb 2025 08:52
Guesstimates, 60mil barrel's recoverable at $70 = 4.2 bil and 5p a share only values the company at Β£70mil then yes if there's to be a TO I think a knock back would ensue at that price, I think more like 10 to 15p would be a more realistic offer, Didn't SOCO INTERNATIONAL sell up for $200mil?