Would this work20 Jul 2018 08:47
Hi all,
I've been wondering why things seen to be delayed and why the work programme is being planned so close together.
So would this work? Could a potentially buyer agree to buy half of Sound before the drilling starts for say 50p per share and agree to buy the other half depending on the outcome of the 3 drills.
Could the price already be agreed prior to the drilling commenced eg. 75p per TCF from the drills and maybe 5p per TCF depending on the mid range basin model.
This would reduce Sounds exposure to a bad drill and give a potential buyer a potential world class discovery at half the cost.
My thoughts only as an explanation as why it's taking so long to agree to drill and why the drills seem planned all together. I would welcome your thoughts?