RE: Will it be game over?15 Dec 2023 11:26
Question. Looking back! From a funders point of view last time when there was no ruse into spud why would they assume there would be one this time.
Unless they have already been forward sold how would they guarantee their return on a one drill option?
Forward selling is something we read a lot, but if not and you were planning to risk, do we think they would sooner be funding two chances rather than one?
Even if that meant they agreed at a premium, the sp would surely rise to that level rapidly and because that would take us away from that s**t or bust scenario, it is more likely they could see the rises required.
It's a gamble for everyone concerned however it is done, but I personally would prefer two bites at the cherry. Will the funders see that?
If they go that way and have already forward sold then they could perhaps make returns at both ends of the scale?