RE: Ignore the shorts and scum25 Jan 2022 22:12
The farm out jv could be a landmark moment for sure and will set the stage for other oilers across the license areas. Value will out, there’s a few big players operating here and there it will be exciting to see who comes knocking. I would have thought that they will wish to drill this quick while the oil price is high. Getting this done now guarantees a decent hedge price for gbp, however they will only be a small partner and will be very much at the mercy of the big players. But even at 50 mill mcap that’s a fair few bags from here, other oilers have seen big gains for getting in early on similar licence blocks. Bit of luck but hey ho one takes the chance.