Munch box, I'm of the understanding that the militancy threat was correlated to the struggling oil price. All of the oil attacks in Nigeria seemed to happen when the price of a barrel of oil was at its weakest. If I remember correctly, forcados got hit whilst oil was languishing down in the 20's. Talk to any Nigerian about the recession and they'll tell you how badly the country was hit by the oil collapse. Nigerian economic growth relies solely on oil. Now that the worst of it is over… Read More
Yes I saw that come in. There's lots to inspire confidence with this stock and having been a long term holder now (with the odd top up) I've learned to hold my nerve with the fluctuations. The odd time I've sold out in panic I've regretted it. An RNS is due re progress/volume re The barging arrangements and im still fully expecting to see 90-1.10 within the next 6 months.
Interesting input and some sensible comment. However we are shipping/barging and still have the option of pipeline to Forcadas once reopened. As I have commented earlier, this stock still under the radar and reliant on regular updates from the BOD to give the price impetus. I think that the current buy in price is highly attractive for the short to medium term and I am confident that we will see £1 per share this year
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