RE:good newshikari wrote: ... from Nigeria, but the market and the share price react with minus 2% today.
[url=https://www.offshore-energy.biz/africa-oil-secures-regulatory-approval-for-enlargement-and-offshore-license-extension-in-nigeria/?]article about two approvals from Nigeria[/url]
IMHO it is not a good idea to sell AOI now. It is a waiting game, till we get
a) the first increased dividends respectively
b) a higher share price.
The higher dividend is a low risk gamble for AOI share holders.
And the share price should be influenced indirectly to a certain degree by the Chevron exploration wells, the GALP appraisal wells and the BP/ENI exploration wells in the neighbouring offshore blocks and should be influenced directly by the Total/AOI exploration well in our Venus block. So we have some entertainment during the waiting time.
In the case Total will start production from the Venus block and from the block in South Africa, it would be a clever low risk strategy for Total to take over AOI IMHO.
Plus Impact received USD99M payment for the farm down and carry deal. Price drop is strange....but while BoD sets this all up for a clean sale could take years. I think will keep dropping no one has confidence on board that boards cash while can buy ENCL and get $.29 a month.