RE: Encore Oil9 Nov 2018 12:07
Finley1,
atm, I too would firmly lean towards a t/o, too much SP active mgt for too long for it to be anything else other than a magic rabbit with Fortuna. Although I fancy any +ve outcome of Fortuna will prompt an approach imo with possibility both are already inextricably linked any how.
Given our low debt and +25k - 30kbopd at cica $10 barrel costs, Ophir, even without Fortuna, is already throwing off cash like there is no tomorrow since the Santos deal.