RE: Big buy or sell being worked26 Sep 2019 08:24
Absolutely GreedFear, like that name.... very emotional :-)
Valuation should be 12 x revenue so the SP should 6 x where it is today with just 3500bopd from Horse Hill.
The city will revalue this accordingly in the coming weeks and months.
Expect to see high value investors building a position shortly.... I think someone already is and maybe the French brothers as in 2017.
Again just based on one site at Horse Hill...... add on the sentiment and anticipation of all the other site with high volumes and more layers of oil. Dunsfold, the Sweet spot could be very exciting indeed with planning to be decided this year and drilling once Horse Hill is complete.
GLA