I would not think so in this bombed out sector. I am fairly sure there will be a fair increase in November when the results are declared which will please the market. Any news on further production from the NL gas assets will be a bonus. That is without the possibility of the long awaited asset purchases of production. GLA.
80 million bbld recoverable - do the sums. That's an average 2000 bbls per day over 10 yrs. Not massive, but even at $40 oil the profits are huge. Let's hope Tom can get the money to develop the field. If he does then get ready for lift off. If you are not in here - consider the possibilities.
Alliance Trust in their weekly share recommendations advise that Cantor Fitzgerald reckons PMG will be sitting on net cash of £36.3 million by the end of 2016, suggesting there is still sufficient firepower behind its M&A strategy. Cantor has a target price of 163p. This company is generating good cash flow.
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