RHE 0.00% 23.5¢ rheochem plc

Am happy enough with this news. However, the next thing we need...

  1. 1,543 Posts.
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    Am happy enough with this news. However, the next thing we need to see from here is progress with farm-in to their other blocks so that the company can start to look beyond Athena.

    I'm no O&G expert, so I'm curious as to why they couldn't get a farm-in for Metis. On paper, it looks to be a larger prospect than their newer blocks, so I would like to understand better what factors are at play that might make the new blocks a better (or worse!) chance for drill.

    Does having more security of cash flow as a partner improve their attractiveness when seeking a farm-in?

    It would be great if they could become the next Ithaca Energy, but I guess they'd have to transition to operator for that to occur - a tricky step!
 
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Currently unlisted public company.

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