RE: New Year4 Jan 2022 10:37
2bfair..... quick answer is the question about return on capital for a relatively small field. I am of the opinion that should an offer be made it would be of an insufficient amount to return any value to share holders, although this would not hinder any sale, as the two guys running the show are only interested in many more years of handsome annual returns for themselves. I'm afraid this is usually the case with outfits like RBD. Some set out with good intentions, many don't.
Remember also without an agreement with the owners of the nearby pipeline, and they may demand a high price for linking in to their system it would not be cost effective in my view. The time scale for delivery would be around 2024/25 at best.
OMO don't shoot the messenger.