Originally posted by spinefx
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You are completely downramping trying to keep the SP low to continue accumulation"
False, I bought 85000 RMP shares from 2 accounts, some at 4.5c and some at 4.7c, I am not buying any more.
The nearest Nanushuk comparison we have is from the Oil Search deal with Armstrong.
The acquisition payment of US$400 million represents a compelling, low cost entry, made at
an attractive time in the commodity cycle. The purchase price equates to US$3.1 per barrel,
with potential resource upside reducing the cost to US$1.3 per barrel. This compares very
favourably with global acquisition benchmark.
https://www.oilsearch.com/__data/as...on-of-interests-in-the-Alaska-North-Slope.pdf
The above numbers are based on the 12 proven drills into the proven fairway. It was made at an attractive time in the commodity cycle, however Armstrong were smart enough to tie up Oil Search on future Laniappe/Armstrong deals.
There is no way the Consortium Partners can expect anywhere near $3.00 at this early stage of one drill.
More than happy to read anything you post but expect others to rebut when it's clearly a blatant ramp.
Post your links to support your posts.
Cheers
Spinefix the Horseshoe well was a 20 mile step out well which discovered a separate 400m bbl accumulation
4 miles East of where winx1 is spudding. There are very good indications that the same sort of accumulation
is present on the Western blocks. This is a very big drill for such a small company and although it is tempting to
look at history this drill looks to be way better than the previous two. Third time lucky and all that.
