"My outlook is a lot simpler. Shares are only worth what someone is prepared to pay for it. The price can be higher or lower than the sum of the assets in a company."
I'm the same Mr H the simplist approach is often the best, cuts out the hype ,the downramping, conspiracy and crstal ball gazing and deals with reality. The shareprice will be dictated by what we find , how much we find plus the oil price and market sentiment at the time, it can't be predicted....one can analyse to death but it won't change the result...the drill bit / lie detector rules...
I'm not in the T/O camp however and see a reduction in WI or outright sale of some or all assets ....once again it will be what it will be and as long as the shareprice is above what I paid for it all is well...
The Athena will be mobilising sometime next month and before we know it we will be into back to back drilling of up to six wells in Elephant country and the first two are low risk...its as good as it gets in this game....
Cheers Whisky
Government Approval, page-12
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