Well that's a nice step change towards my Friday target. I do however appreciate that the odds are stacked in my favour with the oil price as it stands, lack of productive activity and a not for profit organisation.
Are they still saying it's waiting for approval, it hasn't drilled a well in 5 years to my memory !! And now they are awaiting approvals on so say new rigs, whilst others sit in a port presumably rusting to the same colour as poor old rig 8.. What sort of crocks of §h!t does this company buy, it's no wonder there drilling performance is absolutely woeful.. As I said for years why not get in a proper drilling company and prove one way or the other whether this company can become profitable rather than continue the illusion they are an E+P company. Meanwhile I see RRL's charting phenomenon continues to give a master-class whilst the share price drops another 3.1%..
I think somebody got wind of todays 8% drop. £9 is better than nothing for those that think this share is on its last legs. A bad day on the market, and that's after countless bad days during the last few years.
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