RE: joys of meeting neil platt6 Sep 2018 17:49
Analysts have no idea about the technical side. The deal with Spirit is notable because it is the first time that geologists, geophysicists, drillers, O&G economists and accountants have got involved and decided this is a goer. Kerogen and CA may have some advisors with O&G backgrounds but now it's real oil expertise buying into the concept. Although there is great technical knowledge on this board each individual investor will only have an individual area of expertise. Spirit have kindly done all our research for us and will have examined every area. That is worth any perceived discount for me. I said before I'd rather it was one of the big boys but rather spirit than the likes of siccar point, chrysoar or another investment fund who don't have the technical boffins. Also, leading into first oil there will be synergies to be achieved such as shared vessels, logistics, choppers, warehouse storage, spares etc which will save us an absolute fortune not to mention being able to tap into a whole heap of technical expertise.