RE: ACQUISITIONS7 Mar 2019 12:46
In todays results, pmo mention loss of production due to theddethorpe closure. Also pmo are still thinking about cheap, value accretive aquisitions.
So, how about iog? Currently distressed of sorts, but prospective npv 10 £668m, with iog owning thames pipeline and soon bacton facilities, could we not reroute loss production and utilise the nearby assets too?
iog currently need £40m to settle Log loan notes and would a possible share swap of 1 pmo for 2 iog be a good deal? given it would only add 63m shares to pmo.
Just a thought, bring back loss production gain new future production to utilise tax credit and expands using exiting infrastructure in sns. All on the cheap!