Exploration very knowledgeable. I am not here for development tbh, I am here until the pre drill results of the shell drill. If this happens there could be x2 x3 in the shareprice from here and as the time closes to drilling the sp will move north. No need to take any risk and wait for it to happen. North Sea looks very attractive at the moment but agree a Delt are at least 5 years from production on Selene if that ends up yielding results
Exploration- cannot argue with the facts. I do think they will farm the new prospect down early next year. The new play opener is attracting the likes of shell. They can farm in on the hope the Pensacola prospect comes in as the prospect is a read across. If unsuccessful the farmin partner can just walk away in theory. I do think odds are in favour of shell drilling Pensacola next year than not
Magic mike. It should be 1p sometime next week....miles where it should be but progress. I expect the big rise from Feb next year. This is likely to move before well decision as market will know before its announced