350 long term target is not impossible. If I gas unlock UK shale then they will be laughing all the way to the bank given the acreage they hold. I for one am hoping that I will only have profits from the spikes to invest in the exploration phase. The reason being the risk is too high, fracking is complicated business as BRB1 and myself know too well from our Chinese adventure. 120 short term tgt (on good news) then I'll sell up and buy on the next low pre exploration. Night all, match of the day calls.
Gosh C7, I had said I would not comment re your comments any more but I couldn't resist.I think we should all chip in a few shares to buy a statue of you. Perhaps astride a wind turbine ? Inscribed 'To Logic" ? !
whoops. Did you spot my obvious mistake? I calculated 0.8% recovery rather than 8%! At 8% (which would be fairly okay imo) you have a company net profit of under £one billion and an SP of 350p. However, I think a worst case would be more like 1% of 15.1 trillion cf so a nominal 35p. The thing to take note of is who are the new Partners in the 14th Licensing Round? AA will have had to have shown some pretty good numbers in order to get their backing.
The only reason the SP is at current lows is that Poland has burnt a few fingers and everyone in the game is cautious. Until you get a proven resource it will remain so. In a week or so your waffle will be academic, C7. Of course by then I'll either be crying into my Aldi value cornflakes or test-driving a Miami-vice white Lamborghini. :)
Thanks for the back up guys & cautious no offence meant As I state I am in this for the crack & long term In my terms a fairly big chunk but it wouldn't change my life to lose I did some research and took a calculated risk, a little down but after last week I am hoping to wipe out with a gain next week Great feedback on potential It seems, we have the quantity in bucket loads, can we produce it ?? AA seems a sensible guy, I don't think he would bid for more if he didn't know he could produce it
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