back to a value discussion

  1. 20,969 Posts.
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    Hi all
    Over the last few weeks we have been destructed by M and G selling part of their stake . I thought it appropriate to focus on the next 3 months
    With the stock trading at around cash plus gas contract value I was wondering what people thought the SP reaction would be off discoveries in the following the drills
    - bainci
    - Taunton
    - starfish

    Starfish ofcourse is the most exciting but I see 10 - 20c value in discoveries in the first two and given both are appraisal wells that is pretty good
    I would e very surprised if we are not sow where between 65-70c by the time Starfsih starts in 2 months
    Other thoughts welcome.

 
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