RE: Some nice10 Mar 2020 19:22
Suhail
Whether it's in two weeks or two months before further news emerges, whether there are short term or long term holders in the mix, it doesn't change the enormity of what's just been concluded.
They now have more than enough cash and are valued currently at less than £5 Million market cap (including the additional shares), to participate in proving up £2.3 Billion to £3 Billion worth of gas, net to BOIL, on a low cost, low risk, better still, considered by Shell to be zero risk with a 100% chance of success, drill.
""Now that we have this additional funding in place, we have the opportunity to generate significant value for shareholders through our investment in SundaGas (Timor-Leste Sahul) Pte.Ltd, parent company of the Operator of the Chuditch PSC, and the drilling of the low-cost, low-risk El Barco-3x well in Peru."