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It will take the new broker some time to bed in and work with the existing brokers to develop the plans further. my guess would be at least 1 Month and probably as long as its before the usual christmas lull all will be happy. Not a clue what it could be to be honest. I did think about PMG but i cant see it without some asset sales Platypus & Netherlands are the obvious assets to keep but GPA area and wind development im not sure it fits the low carbon model for Kistos.
I would tend to agree with those valuations. COS is around 25% if i remember so a 1 in 4 chance of a hit. hoping the data interpretation is as good as they think, its in an area the mgmt know well so wouldn't have bought in without some sort of hope this is linked to previous discovery areas. Cant imagine at 25% COS anything is valued in.
Why do we think we will get news from Egyptian Vulture this week RNS States up to 7 weeks for drilling (this will include P & A ops - 1 week max for that) i would guess at least 1 week and probably 2? Mugentind has a 5-7 week drilling window so probably nearer third week of November for that one to annouce results.
Really low ball and reading between the lines looks like owners are looking to step back, just to think only a few years ago SGC were mulling a bid for Arriva Bus ops after loss of the rail franchises. i would of wanted 90-95p based on pre pandemic. EPS was 13.5 pps last year
Hi Paul, It was RNS yesterday that they will be added today, i dont believe it needs to happen at the day open and can happen anytime during business hours. I guess there are probably formalities and fund transfers that happen in the background.
I actually expect this to drift a little this week as we get towards the 18 month date, market doesn't like uncertainty and will be waiting for update. Would expect they will release an update as its a material update for shareholders to know there is a new (unlikely) risk introduced.