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Anthony
you mention what it might be worth.
we have a guide in that shell sold a 45% holding in corrib (1TCF) for $1.3 billion making the whole field worth around $3billion
so $3billiion x 1.5tcf= $4.5billiion and 30% = $1.35 billion mean
so the high p10 would be $3billion x 3.6tcf x 30% = $3billion
do the calculations for value per share!
1 in 3 chance (comfortable)
you can read to much into things sometimes but is this "awaiting an investment decision" due to an invesmtment budget commitment to drill inishkea?
as normally there is no invesment needed with a farm in just a change in ownership to start with
i suppose europa has already done all the work and is working up drill sites so anyone farming into the licences must surely be farming into a drill ?
If you just sign up for licences, do nothing or the bare minimum and farm out which some did on their porcupine licences they ended up with 10% share. By doing the extra work on inishkea we may end up with 30% or more which for an NPV 10 of £1 billion is well worth it. So the bod's decision stack up financially plus it keeps things moving and hopefully at the front of the queue
we see from the post yesterday they seem to have been talking to Vermillion
are you moaning about an under performing board or is it really the share price and placing you don't like?
because if you have read about the company's strategy then the board are doing what they said they would do.
fingers crossed for wressle anyway.
if it gets refused it will be the councillors fault not the boards.
have some misunderstood what they are investing in? it is a high risk oil exploration company.
you are free to sell your shares. no need to keep moaning.
why the focus on the share price? to make you feel better about your investment or wouldn't you think to look at the value
changing bod doesn't change to assets.
the strategy that is published for all to see is being fulfilled
some of these costs for which the fund raise was for I would expect to be paid by the farm in partner but for some reason they want to take the projects further along to drill ready status. providence resources had to take its diablo project further along development stages etc before total and cairn farmed into the drill
dunderhead. could it be ineos?