What a great day! I have the feeling that the sp will drift down again because, hey, this is AIM, but spikes like these(if it turns out to be)are good to bolster the optimism. I guess the BOD deserve a pat on the back(or a respectful hi5 in the case of the lady)for gritting their teeth and just getting on with it. And thanks to the Man of the Hour(the Hour that seems to have lasted 6 months!), the Entertainments Officer, Robsky. (While not forgetting the other contributions, he did keep it going didn't he? IMO). I will now crawl back into the woodwork and cackle over my 1.5 million+ oozing, oily eggs. ATB.
Hi. Have just been digesting all aspects of this morning's update. As expected there is no coverage on Woodford-Hunton simply because there are no base measurements for it. Also, operators are being coy on Springer which I believe will play a strong role in reserves in time to come. Additionally, no value is attached to lease assets in OK. Many of them are alongside/adjacent to productive pads. Historically more than 600000 wells have been drilled in the state - many more will follow over the next couple of years. 200-odd rigs are working at a frenetic pace.
Very glad to see 250boepd has been achieved, which ties in with my earlier estimate of the $600k p/month being crossed.
So you will be on iron rations after today's top-up. :)
How right you are with your post. I have been here since the early days, AIM can be very fickle a totally different ball game in my view from some supposedly safe stocks in the FTSE 100 or 250. Having been in MagP since shortly after the float MagP is in my opinion is one of the very best AIM stocks for growth and prospects.L1onheart thanks for your excellents posts all along, thanks too to Robsky and Baks. Newcomers these guys know what they are talking about. If you are here longterm take note.
Seriously, this is AIM, there are just to many variables to predict short term SP. If i knew the formulae, then i would probably trade myself!. What i will say though, is prior to our SP destruction of the last 2yrs, this was one of the hottest stocks, with RNS's frequently being the 'most watched' on the market, such was it popularity the MM's lost control hence the SPike to 5p+.
As L1 mentions we have no logical reason to go back to that height in the very short term (though again news is impossible to predict), however, we are firmly on the map again, with continued growth and now a PROVEN business model, many that left will surely want back in and most likely will still be in at far less then they were originally were.
Sentiment alone can drive the SP short term, news even more, but solid growth year on year with a snowballing effect from increased WRI% the like we are only just starting to see, should genuinely re-rate us further from our still tiny Mcap that is millions less than it was 2yrs ago PRIOR to the spike.
Gee some company's are valued far more who have not even got a barrel wet yet!
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.