SPGuestimate26 Sep 2018 10:32
lets just take the near 1p value attributed to taribani oil as we speak in addition to current SP-1.3p
near 400 million dollar cost pool recovery -320 million pounds or 2.2p
so with out adding any gas value, assets or value attributed to the licences and future value. 3.5P
For the potential fo the block youd be looking at minimum 10x value to sell so 35p.
Look at other O&G explorers and the value achieved on selling their under developed assets- it can be frightening.
All best guestimates
For a JV the value will be somewhere between what Frontera value it at and what a Major value is at after a lot of give and take in discussions. Depends on whether we are more desperate to have them n board or they are more desperate to be on board which side gets closer to their valuation.
We will find out that value if and when a compromise/agreement on each expectation is reached.
Its still no coincidence to me that Akin Gump came on board Q42017- London office are the premier in the industry for sales, mergers and acquisitions. Prophets of gloom spun that to meet their usual hideous ends. sadly even some of the most positive of investors had doubt cast in their minds by the gloom merchants.
News this week - as mole says, id expect an ops update whether tagged on to half yearly or stand alone. Be really surprised if the meeting is upon us with out some lyrical waxing.
AIMO
ATB