RE: Where does this go20 Feb 2021 09:38
Morning all
Good debate and interesting threads this morning... I tend to look at the macro points around a deal, share... those being...
- Price of oil is twice what it is when the deal was struck... I certainly see a 20% increase in oil price by Q3 2021
- A large lending institution who’s forensic accountants have poured over the detail and like what they’ve seen is a massive win for me. These guys are not charities. Far from it. In fact this has to be one of the toughest times ever to secure funding
- Art has already confirmed a target of 5000 bopd by year end. Boots on the ground will be desperate to get back to work and will be pushing like mad to ramp up production
Personally I’m not interested in Africa any more... Atomic is the springboard we needed. IF and it’s a big if... Nigerian officials pull their lazy, corrupt, fingers out then OPL226 will be a very nice bonus this year.
I’m now very interested in what’s next?
I would imagine Art is considering Atomic a done deal... So what else is he working on? How many other “Atomics” has he been courting?
I won’t be drawn on short term price estimations... I’m looking at the mcap achieving circa 90m Q2 into Q3...
Have a good day all