Hopefully we should move to 18p level where it should be before Falklands becomes alive. Then we can have real spikes and profit taking thereafter. At present people including me are just coming back to something that got oversold. IMO & DYOR.
Nice to see posting whilst I was out. This was massively oversold.
The Company was notified on 24 September 2013 by Salida Capital International that as at 24 September 2013 Salida Capital International had an aggregate interest in 13,975,000 ordinary shares, representing 6.43 per cent. of the Company's issued share capital.
A 3D seismic survey was acquired in early 2011 covering the entire licence area. The quality of the seismic data acquired is excellent and interpretation of the final processed data has led to the identification of 52 prospects and 40 leads within the licence area. A Competent Person's Report issued in July 2013 describes the 52 prospects and the leads. The prospects have a total unrisked potential of 3.1 billion barrels of prospective recoverable resources in the most likely case and up to 10.4 billion barrels in the upside case.
From what I have seen on the FK oilies is that news is a bit leaky before the RNS comes out(just my opinion, as it seems to shoot before official news). Maybe we will have one Monday.....here's hoping! Sell when your bottle goes and don't look back imo.
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