I think there is room in the Australian market for us to score some producing assets if the Santos Woodside merger happens they may need to sell some assets to keep the regulators happy.
I don't think we need more assets for the price to get going, we just need to get the ones we have producing at maximum and we will be sitting at a healthy share price.
The talk that our producing assets are priced in is an absolute joke as the delays and the uncertainty around the Kila oil flow would prevent a lot of people from buying. If someone thinks that a good oil flow from Kila is priced in they may need to reassess how they invest. No big player is buying in when we are not producing. The reason most of us hold is because we know that. We know that we can buy at a premium and if it all works out then we make a lot of money.
There is even a chance that revenue from the gas sales could get the share price moving (if the numbers are good) as people would have a figure to base their calculations on.
ROG Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)