I prefer the idea of a straight sale too. BUT just cannot see how we’d get a decent price (not sure what decent is now.........) which captures the potential without taking a deal with contingency.
To be perfectly honest - i’d be happy with full value for the Horst (25p ish) and a really strong contingency arrangement. Not sure how many others would but it’ll be nice to let someone else take over (with a strict drill programme).
If it is all so bad Jez. And you can smell a rat a mile off, and you are not a “mug punter” like some of the rest of us, why don’t you sell?
If you don’t sell that makes you worse than being the aforementioned “mug” as surely if you are smart enough to know we are screwed then you’d be smart enough to sell???
If not it is weakness or stupidity........you can choose which one.
Good post tableleg.
I would imagine many of those self pitying on here and JP bashing would have considered THEMSELVES experts/geniuses/gurus if the price had continued to rise.
Always easier not to take responsibility for your own actions though..........gotta be someone else’s fault...
The 82p isn’t relevant Jez.
It was the strike price at the time of them swapping their percentage of the license for the approximate percentage of SOU.
If the license is very valuable then great for them (and us), but if it is not then whether the have acreage or percentage of SOU is irrelevant.
Them swapping for shares was more about simplicity/streamlining and planning for eventual sale (and for negotiating GSA etc........or Enegas funding perhaps).
It’s surely all based on success at the drill bit.
A 1 tcf discovery was previously quoted as being worth $500m to echo. Now of course that would be $190m.
It’ll be interesting to see where the choose to drill first. Last year (pre seismic) Will Holland was keen to twin one of the historic wells which had seen a blowout.
Actually - checking back - all the comments calling you out about your average price plummeting from 95p to 33p in 4 days or so have been deleted.
There really was nothing abusive so it suggests a few of “you” are going through them to remove them and stop your credibility being decimated.
Nyforever - are you suggesting a “1 code” means RNS within 3 days.......possibly?
This has to rise soon. Cannot be any more bad news due, AND we are getting nearer and nearer a period of activity (apparently). Not long til q4.