Moray Firth european major farm out news due soon27 Aug 2020 13:35
Not long until update regarding farm in by european major into BOIL's Dunrobin block. Prospect is 172 MMBOE P50 recoverable gross, 25.8 MMB net to BOIL. Even if they farm down half to the the major, at $5 per barrel that equates to a value net to BOIL of about £50M or 1.10p per share, which is 11.7 times the current SP. If they give it the green light the SP will rocket regardless of Chuditch. Tiny market cap, cash in the bank, two mega catalysts can mean only one thing. STRONG BUY