Whilst I think AEC are contenders, there must be others that have also
run
the slide rule across PEL29
As I have said before the time is
right
, it could not be better and the huge prospects can not be ignored. The current OP and rig rates will make sure of that.
PEL 29 is a completely different play to that of Tullow and Char and the numbers put them both in the shade.
A clean take out for a discounted price would still see a conservative 10p GBP per share. There is no point talking silly numbers, however if there is competition you never know
I like the idea of AEC taking a 30-40% interest in the company and farming down the licence interest all in the one deal. This concept could be worth more than 10p GBP for sure and is totally up AEC's champs elysees
GBP Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held