I like the current board as well. I have a lot of time for Bill and Malcolm.
If BOIL can buy in to a couple of companies for a 50 percent stake with drilling in the near term the SP will fly.
Hopefully some news next week.
Good thing is we have a relatively large sum to invest.
There will be a lot of AIM companies contacting boil with requests for investment.
We just have to assess all the possibilities and choose the best one for income / growth.
Seems to me that there are some good options for the board and major shareholders to consider outside of the oil and gas arena.
Could be a fair bit of buying on Monday.
Hopefully that's a very astute move. I think there will be some kind of RNS update very soon.
Not sure how much they can tell us until its over the line though.
Boil already have the escrow money in a reserved account. Perupetro can have a legal call on this money (potentially) but UOGG do not.
Should be news on this by Monday.
Reggie72,
Yep. The idea is for a PSC for 25%. The cash we inject as well as that from Sundagas (also 25%) will be used to increase production significantly.
The proposal is for a 25% profit sharing contract for funding further drilling and gas production.
We need the SE Asia deal over the line then we will become cash flow positive.