RE: A sea of green - makes life more pleasant6 Aug 2020 10:33
I have a question. As an LTH since 2010 and paid 20p per share, being all positive and happy is not how I feel about this share. If there is oil here that is equivalent to Saudi Arabia, then how the US oil companies have not made a deal with Simon Potter - or the other CEOs?
A Saudi type area of oil, albeit under water, would be fantastic for the US. However, there have been more excuses than a NAAFI canteen and not a single well drilled. 100 million spent on 2D 3D guestimates, massive salaries and handouts cannot tell if it is oil or water.
This is a straight forward question, not deramping or ramping. The merger looks like a stopgap to me and is of no interest to a shareholder gambling on a successful drill in the Bahamas. What do you think?