I'm trying to work out what you mean by that wuff. 'If CHAR gets expensive' if they find oil next year which could be worth 87p to the SP at what point does CHAR become expensive? They still have further licences and more drilling to undertake. More oil to find. Oh and many here expect this to go to several pounds in the next few years.
Seems reasonable. There remain some cheap companies in the E & P space, still subdued from the slump. If CHAR gets too dear it would make more sense to exit and redeploy. Ultimately that should limit how high it goes pre drill if everyone has their head screwed on. Fairly easy money from here though without inviting unflattering comparison. (Still might leave a punt in for old times sake if it hasn't rocketed).
Is a no brainer. At worst this will double from here on lead up to drill. On a duster this will drop 50% on the day depending on what other assets we may have secured. No technical analysis there just an observation on what aim does.
I'm sure there aren't any fools here that will not slice on spud day?
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