Very well put. This deal has given the company a way forward with choice and minimal risk. For instance, lets say they win a couple of new licenses, they can easily work these up to Concept Select with the available capital at their disposal. Additionally they can use future production revenue to fund Phase 2 and 3 of P2607 which will be much cheaper to get into production. In essence, they are now in a position to potentially become multi field owners without having to go back to the market for additional capital.
I am really looking forward to FDP, FID and some new leases. The first 2 seem to be a given, the last is cream on the cake.
Once the market fully understands this, we'll be well north of these current share prices.
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