Dlhoey123
You did well to enter at 21c.
If Pompano proves up as prognosed, I think the sp will rerate to ~40cps, and that basically ignores the risked value for Nth Sea.
We must be due for some more news soon re Nth Sea farmouts
From the September quarterly
Panther
""Negotiations with a prospective farminee are at an advanced stage which, if successful, will lead to retention of the licence and drilling of the Panther well potentially sometime in 2008.""
Leopard
"" The availability of suitable drilling rigs has improved significantly over recent months with a number of well slots becoming available during 2008. Provided that the Leopard farmout can be concluded over the coming months, we remain confident that the well can be drilled next year.""
2008 starts with pompano, page-5
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