RE: Amused27 Apr 2023 22:43
So much negativity from those without an ounce of patience.from
It's taken years to get all the seismic work completed, the signing off and the data room operational. We now are in the enviable.position of having two assets up for sale, jv or any other proposal / configuration that may offer itself.
Chuditch is no two bob asset. It's 'big' and expensive and the product is in demand. Despite the demand, it's still a big deal for any would be buyer with lots to consider, work out, get signed off. Once the politics are out of the way then I believe it'll speed up the process. The fact we have little by way of news from the BOD is no surprise. It's how BOIL operate and we should be used to it by now.
This is the reason for the SP drifting, but the assets remain in place.
One of the easiest holds for me. It's been a long road to get to this position and those buying in now should consider themselves fortunate by way of current entry level and timing. At some point this year it'll happen.
If you are prepared to wait.