Well I like how the market here has at least held the current sp
However it looks like GBP are completely under the radar, more so here than in the UK
This morning in London I think we will see a different market regarding GBP with this news and the ASX will follow the LSE lead
I have had email replies over the last few months from AEC and Eco, they intend to do deals before the C1 result. Even a technical success could make a deal more expensive. I have always said from the replies it looks like they are in tandem and just the other day Gil from Eco said they were looking at two opportunities. Now I am convinced both opportunities are with GBP
Both assets are 85% owed by GBP but split by GBP Namibia. That's two deals for a clean buy out of GBP
Before we thought £20m, but that could be up to £40m
AEC and ECO have last week presented in Norway to institutions, which means a cash raise and this Monday they are presenting in Sweden to retail punters. I think they will announce their deals that day
Both these companies are backed by AOI, who have $400m free cash at hand
Just to add, this new block from PEL 10 comes with some 3D seismic, which could make this drill ready fairly quickly are reviewing the current data
Any way good luck and DYOR
Well I like how the market here has at least held the current sp...
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