Welcome scorby. Licence extension and farm-in one can pencil in imo, is more a question of when the rig is secured for. I'm hoping that WDS has snapped up Bollsta from June...we'll soon find out. Regardless, if the 3D shows the goods (which I believe it does), we'll have a proper SP re-rate shortly.
McSeebass, we clearly cannot fund drilling. As a guide though, Impact Oil & Gas have been seeking offers for 20% of Venus (same % that we'll be left with after farm-in) in the order of US$1.7bn. One can compare that to our current MC imo.
General Thoughts, page-1931
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