I think you are in a very enviable position exactly where you are at the moment, spudderman is a good weather vane for those that keep getting caught up in the gimmick value of this share - and even I fell for it a long time ago. Be a non-holder, it's good for your wealth - this company could fail tomorrow, it's not a question of what price you should but at - its about having a set of metrics linked to actual performance that count now - a £13M bill to pay, an uncertain placing, many other long term production horizons to wait for, a bad record of management material revenue conversions. Patients, lots and lots of patients- if things change - maybe it may be time to ask what sort of entry point to get in at.
I would walk away now (in fact from AIM) and pretend you never saw this share. I have been here for several years and am sitting on a considerable loss. The plight of the sp is just so bad its hardly worth cashing in :) "On paper" SLE has some great assets and I really want to believe that this time next year rodders.....but the evidence so far is not good But beware - this bb is full of dodgy people with their own agendas to make money out of volatility, more often than not talking the sp down. It hard if not impossible to know who (if any) is a genuine investor
So, we are 3 weeks to go and struggling to keep the price above 11% of target. This placing is going to be no walk in the park to get through as some suggest - and as we head towards 0.8p going to get even harder. It maybe worth considering some aspects of game theory to gauge the outcome. 2 options - Succeed - majority shareholders loose, Tosca Wins in the Long Run. Fail - nobody wins in the short term, but if it gets delisted, their may be a chance of a resurrection in the future under new management.
The rate of shale gas exploration is still getting lower. May is the next successive month in which there are less exploration concessions. Currently, there are 46 of them awarded to 14 Polish and international companies that belong to 12 capital groups.
One concession – "Bełżyce" in the Lublin Province, held by Orlen Upstream Sp. z o.o. – was relinquished last month.
In terms of concessions held, PGNiG is the leader with 11 concessions, followed by Orlen Upstream Sp. z o.o. with 7 of them and Lotos Petrobaltic SA with 7 offshore concessions. New shale gas exploration and/or appraisal concessions were not awarded.
At the turn of 2012, when shale gas exploration was at its peak in Poland, 113 concessions with a total area of more than 90 000 square km were in effect in Poland. Today, the concession area has shrank to 37 500 square km. Exploration projects are delivered in 9 provinces.
to be certain I am not mis-representing u, u are saying or JB is saying that if SLE made one hundred dollars profit on shale gas it would be worth more than BP, one of u two are stupid, if u post the link the board will know which one it is.
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