The announcement was good and bad at the same time...I was amazed it was Shell and the fact that this prospect has attracted someone like Shell is truly an amazing peice of news and that does still exceed my wildest expectations...
BUT it doesnt change the fact that if the CSEM isnt favourable then Shell are gone and so the fact that they were ever involved becomes irrelevant...
Right now the CSEM business far outweighs any benefit of Shell being involved and the share price is reflecting this...we are absolutely back to square one..i dont see how you can argue this any differently at the moment...we are worse than square one actually..at least before there was hope of a run up in price as drilling started if a partner was announced..now it is all or nothing....
FAR Price at posting:
5.1¢ Sentiment: None Disclosure: Held
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