All the current projects with the future development are suitably priced in atm! With local assets only yielding less than $1.5M per quarter at best the current sp is about correct!
Angola is still a unknown at this point as the Angolan Govt has still not passed or approved the acquisition to date, why is this do you think? Then there is a three year period for the G&G to be completed which is now 2.5 years but we’re still waiting for the go ahead yet!
Take a look at other O&G companies raking in $10 - $20M per quarter and have a MC of less that $50M, ROG isn’t anywhere near this level…
No need to down ramp as the obvious speaks for itself!
Oh look, buyers are pulling out of the 4’s… not long now!
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