RE: Will our cousins overseas2 Jul 2021 12:19
Ark87,
spot on especially if it is Oil as opposed to gas. Our oil production is only 1400 bopd - you add 300 bopd and that adds over a 1.5p to our SP. Repeat this over & over again which i3e are going to do and it adds very significant value.
Just to touch on something GGG said yesterday - Serenity is the big one - yes it is - but I dont think Simonette or Clearwater are any less big. They've already outlined a plan to target 18,000 boepd with an initial investment of $45m - I don't think the market has processed just how big that is ! I would imagine that there are multiple interested players waiting to farm-in and the advantage of this over the North Sea for example - is that your going to see cash flow in a matter of months compared to say the North Sea where its going to take 12-18 months.