I am confident this will go well over the 17.5p also the directors must think the same on the bacis of triggering the options in the RNS Lots of news to come over the next 6 weeks ,hold and top up . Great buy at the moment it's got to move up very fast with good news updates on the way .
I don't question your cynicism but the news does indicate confidence. I'm assuming they are accepting options, only exercisable around 50% above current SP, because they are confident price will get there. It should also lower costs meaning we can spend more money on seismic + drilling and getting into a position where we can start looking at partners to help us get to production.
This company is doing so well that the BOD's and employees are deemed to be deserving of a fresh Grant of Options. I can't see it myself though. One huge oil/gas prospect has been handed back and the other is still at the seismic stage. M/cap is less than £5M. Not sure about the "significant amount of activity that is currently taking place across the Group" either................................
Philip Jeffcock, Chairman and Independent Director, commented: "Over the… Read More
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