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Thanks for the heads up, the revenues generated are huge numbers even if you use modest hedged prices. GLA
Thanks ferroty.
19600 boepd is bp share. What is the current gas price?. Not sure where to obtain this value. Thanks and apologies for ignorance.
I didn't realise that bp only own 28% steak. Boepd for this asset would mean serica would double production. Hopefully, Mitch is looking into this. GLA
The only issue is the bp asset will cost several hundred million pounds. Can't see them doing a deal on the same terms as previous one. GLA
$300m impairment will not be good tomorrow morning, expecting share price to drop to 35p minimum. Looks like a low ball offer will now materialise before 15th. GLA
Clearly the market in their country feels medco getting a bargain. Hope ophir sold at fair value and not treated in the same manner as faroe petr. GLA
Happy to wait and see how this plays out, prepared for the board not to except a low offer as long term this a solid company. Bought pmo couple years ago and remember shorters driving it down to 19p, no thanks. Next few days exciting here.
Unbelievable rise today on the back of an ok RNS. Happy days. GLA
I agree, 70p should be minimum offer. This will creep up towards that level in coming days. GLA
I was previously in pfd when McCormack eventually made an offer which was rejected. This playing out in a similar fashion but hopefully the offer here will be a lot higher. GLA
Once the offer price is leaked to the city boys this will immediately spike. GLA
Not a coincidence this takeover news has emerged as the Fortuna licence about to lapse. Hopefully, that can be priced in now but fear it may be to late to save now. The offer to us the shareholders will reflect this once Fortuna status confirmed in January. GLA
Coldspy must be psychic. GLA
Good point, i trust the board totally as they have proven to be shrewd in respect to deals. GLA
My only worry is any new deals which will make materialistic difference to sp will not be cheap and will involve taking on debt. GLA
Hopefully, we will get a dividend sometime in future. Long-term hold for me since bought at 27p. GLA
Also, baron only person i know who shows his buy price on Twitter. I have made profit from many of his calls. The losses i have made due to following him are significantly less than the overall profit. Gla