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FAR 12.5¢

Post Christmas Sales

  1. Little Guy

    82 Posts.

    Everyone likes a sale, especially one advertising up to 500% off.

    Oil producers need stock and would be taking a long view of the current oil price and its effect on valuations of explorers and small producers.

    India and China, just two of the big and growing oil users globally will soak up excesses in years to come. Demand will exceed supply, as it always does.

    Plans have to be made for production programs three years out in any businesses of scale. I doubt the oil industry is any different.

    I fully expect a takeover offer for our stock by someone planning three years out, once our commerciality is declared.

    Mine is a fundamental expectation. All other commentary is pretty much white noise to me.

    My problem is the valuation process and what is the net value of an extracted barrel of oil and how much profit needs to be left in the barrel for the acquirer. And then how this evolves into a SP offer.

    It’s just a waiting game.

    GLTA

    LG

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