Am I the only one who missed this?
Calima owned PEL-90 in Namibia and sold it for $2.9m in 2019; fast forward to October 2022, the area has heated up, and Chevron snapped up PEL-90.
I couldn't find a price for that acquisition, but you don't need to be a genius to realise that a major like Chevron would only be involved ifs it was significantly more than what CE1 sold it for!
I wonder how much upside us long-term holders missed out on from this poorly timed sale?
I've included hyperlinks of my findings above for those interested.
- Forums
- ASX - By Stock
- CE1
- Ann: Company Update
Ann: Company Update, page-15
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