Do remember that the price of deals do not reflect the near term ups and downs of the market. Nor should they. However deals take time. Those who have been involved with contract negotiations know how long these things can take
Next prod deal may be 2k bbls, then look at thSP....hmmm. know where I am parking my hardearned
So it looks like the highly paid consultants that have been bought in to save our flagging SP have come up with a restructure / cost cut. WoW... As I have said in an earlier post.....what a surprise.
Who a going to grow a pair and say lets split the bank US / UK and unlock real value. While we are at it lets sell off all the European cottage industries we have (some quiet valuable in their own right)
Why didnt they buy a trommel a digger and get started years back. ECR is no different to many other small miners. No business acumen and cannot see past the drill bit. They just drill, drill, drill until the money dries up