Short term SP expectations are high in front of these important news.... That's normally something i don't like.
On the other side downside risk is very very little. I see a minor risk of further delays due to administration issues, despite minister's end of March prediction. I see absolutely no risk, that PSA or farm-in details could have a negative impact on our share price.
Oil/Gas project valuations are not my cup of tea, but i guess 8-9 TCF equivalent could end in a >10 billion US$ NPV for this project, if everything goes well. 50m US$ marketcap are peanuts for a company having a nice stake in such a tier1 project with government and a financially strong partner on its side.
It would be more than a little strange if we are still below 20c after farm-deal....
Short term SP expectations are high in front of these important...
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