RE:RE:RE:RE:RE:RE:RE:RE:SGESlyFox1 wrote: ark88 wrote: MJB4231 wrote: https://www.newswire.ca/news-releases/bankers-petroleum-ltd-enters-into-definitive-agreement-to-be-acquired-by-an-affiliate-of-geo-jade-petroleum-corporation-572824811.html
The only missing link here is that we've not been in operation, unlike Bankers before they were taken out. One has to presume that the value we bring to this venture has yet to materialize, or at least part of it
guess question is how quickly could SNV help get Selat to production. If rigs and equipment are on site, do you think we could see a bankers style buyout by Christmas
No. If I'm not mistaken, Bankers were 2 years into production when the offer was received. I think they shop it around. They brought concrete value add to the resource. I would think you have to have shown production growth profile before attracting big money, which I think would mean not just reactivation of existing wells but also discovery of new areas to increase the resource. Again value add that SNV brings to the table Back to your question. Simply put, IMO the only buyer for our stake would be SGE and yes it can happen by Christmas. It really does come down to our Captain Kirk. GLTA!