No, people sell price goes DOWN. People buy, price goes up. Simples. Unloved share at the moment. couple of good RNSs then excellent, recovery play but it's on it's knees at the moment, alas.
Increased how, at what cost for what profitability? What's the POO in a years time? 2 years to find 200+ million in cash with only one well producing at the moment. Still not attractive to a buyer.
I was talking about the so so results in the fields that Spirit are invested in. Lancaster is going to take time and MONEY to fix so again little upside without splashing the cash and with bond payments due. I think Hurr will recover but Spirit will not buy it out IMO.
Maverick, they farmed in before they were put up for sale. They are still for sale so jumping further into exploration costs for an area with mixed to poor results so far would be the end of any sale . Who would want to buy risks on someone elses's terms as well as the cash burn to the balance sheet?