Good news, not great6 Oct 2020 11:14
This is definitely good news imo, just not amazing news. We are going to have to wait and see how these guys are going to treat Sea Lion and as has already been said we need the oil price a hell of a lot higher than it is right now to be viable. If you believe oil will be much higher long term, then todays price is a steal.
More importantly right now though, is the OM result. What has happened to this? no updates from the BOD?
Any cash payout is going to make the current mcap look ridiculous.