RBL - JV _ BHs - etc.etc.21 Feb 2023 13:55
I posted this about a yr. ago. (See below) We are now in that crucial end game period. We now hopefully get a JV at a reasonable price (They probably become majority shareholder) ART will possibly build in some kind of future proofing for existing shareholders. Who knows where the oil price will be in coming years. Last yrs. post:
Since March this year, COPL has rightly concentrated on financing. It is a complicated and crucial time for any company developing a large oilfield. The field development and financing have to run concurrently, and personally i think the board at present are doing a good job. The complexity of the technicalities of the oil business make it a risky business , anyway, without the complexities of the money markets. Risk/reward ratios for COPL must be a nightmare to judge, but i do believe by next March/April we should be sitting pretty.