The closing of the share placing this week will dilute the mkt cap down to about £15 m or so .The shares in issue is not over troubling in the Aim world.The debt repayment schedule has been set out for all to see ,there has been no pressure taking the sp below the 5p placing ,It may dip on the share issue which to my mind is a good buying opp,if we get more positive bopd figures which could average 8x400 we will hopefully see a nice re-rating .If production gets to 5-6kbopd we should see a better mkt cap than this.
Thanks for the update so news hopefully by the 24/11 could be a nice xmas present if as good as 102.
Just out of intrest what does everyone think if all the 10 wells in this program hit oil?? how much will the SP go up say if on avg all wells flow 200bopd? Thinking i might just get some more shares in here quick time.
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