RE: Delboi —15 Jan 2018 20:09
30,000 being pvr share ? Can’t see it. Operator will want full control and majority of BR. I’m going for 70% for the new operator leaving logp with 5% and 20% pvr. 5% state. Don’t think partner will commit to spending £150m on 6-8 drills without diluting the asset. Either way it’s a win win here. As I’ve said before I’m waiting on a decent rns and then I’m out with all due respect. What the wellsflow and howling oil stays above $65-70 is anyone’s guess. Imagine the partner commits ...... 8 drills all they way in to 2019 and beyond ..... oil turns for the worst and comes back to the $45-50 range ? U must factor in many possibilities and I for one want to start 2018 with a nice profit n move on.