Hi Bundabum
your point with regards the sp at 7c is quite true, whilst i am not suggesting the sp will race to 10c on news of the renewal, at the time the sp was 7c the market was unable to attribute appropriate earnings multiples to this production due to the PASE expiring in 12 months. Perhaps with the renewal in place we will see a healthier multiple to the production and a little upside on the exploration front.
On top of that we have the Standard Chartered investment and the Exxon tender
Good to see the sp moving up again
Bring on the renewal !!
implications, page-11
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