RE: MC6 Jun 2021 18:50
Our MCAP is currently about £9m. The value of the old Shell asset is many multiple times current.
The keys are being jangled, the locks are about to be opened. The young TL population will not wait for, fantasia to be built on the island. They have elected a new government who has cast serious doubt on the revolutionary fathers intent on vertical integration.
The next, and let's face it final, bidding round for TL licences, (16 parcels of land/sea is all they have...) completes Q4 2021
As written by someone else, no IOC will bid if there is no quick route to marketability.
BOIL, is sitting on proven gas and oil reserves, with our licence there is no guess work. The only doubt is are the other three areas of significance on our licence a combined mega system or just three very large stand alone systems.
The main regional hydrocarbon kitchen sit 6km down, just to the right of our licence..
Shell did not spend 37m chasing shadows...