RE: Just bought 50003 Jul 2020 17:43
Oilman. Agree this could be the new RRE.
Tonnecomb: No way on this planet they can afford to buy Exxon assets for £1b + No chance.
I’m not going to list all the assets for sale .... I have done that on the RRE bb where I hold a big position.
The only real deals are going to range between $50m and $200m tops.
That is enough to buy something half decent producing north of 5,000 bopd or 25% of Tolmount from Dana which would cost $150m, that’s giving 14,000 bopd.
These types of deals make sense. And should give a market cap around £70-100m, depending on the raise of its debt and equity or all out debt we found easily relist between £4-5 a share. Honestly I am really excited and feel these guys will
Move very soon to make a statement. Good luck guys. Looking forward to Monday.