RE: £750m offer for block 124 Nov 2018 22:23
As reported last week, Exxon have opted not to go for a share buy-back programme, unlike Shell. And others have explained to us all how in terms of tax, the supermajors will want any big acquisition to take place before Christmas. So some kind of deal is on its way in the not too distant future. And I agree with duster that it may well be for a percentage of block 12. So it won’t be Madpunter’s prediction that come true in the short term, but a number of our Christmas predictions, ranging from say 2p up to 10p, just might come true. In the long term however, who knows, Madpunter may yet be right! GLA