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I really hope SB has the best interests of shareholders at hand...

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jakspara

5,015 Posts.

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31/01/19

09:36

Post #: 37275029
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Originally posted by TShirt: ↑

Just thinking about share price drivers in the near term.
The most important one, as discussed will be the reserves report which gives us a tangible asset to value. The next most important are likely to do with gas sale contracts or finance, both of which will contribute or fully fund the pipeline and wells T-4 to T-9.
A farm-in partner could occur under this scenario as well as gas sales prepaid. Debt finance is probably unlikely at this early time but could be good given the low interest rate regime.
If some of the above happens a further trigger will be getting the OA's in the money. That could nearly fund the pipeline based on some of the estimates we have seen.

A lesser but important consideration would be the pipeline approval though I would not like to second guess timing on that.

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I really hope SB has the best interests of shareholders at hand here this time and doesn't just go for another quick cash grab and craps all over us LTers again. While talks/negotiations are taking place re. possible farm-in, i must say while it's positive and welcome news, i can't help feeling a little nervous due to past events.

We've stuck fat through some pretty trying times and deserve a slice of the pie this time around!!!

RLE Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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