RE: Equatorial Guinea23 Feb 2024 18:56
Why do you say that? Is it queued for release? And what will it say - another 12 months of studies to accompany the Irish work programme? They only have until Q3 next year to find a farmin partner or the licence will lapse. Their track record at finding farminees suggests this will be another stressful time for shareholders. As for your valuation - a bit full, don't you think? Maybe £10mm for Wressle, nothing for Ireland and EG until they land farminees and certainly nothing for Cloughton and Serenity. Not far off where the market has the stock now.