What's changed since the meteoric re-rate from a penny to nearly 2p - what was is? 3 weeks ago now?
Upgraded reserves, more wells producing more oil and revenues, $1m for a couple of hours consultancy, $6m funding announcement, more well participations.........need I go on.........
So what if the UK is shattered? How does this impact Magnolia Petroleum, a purely US based operation that happens to be listed on a UK, piece of **** market.
Fact is - even a 'no' vote means we're screwed - the political fall out from whatever way the vote falls is going to cost us a fortune. No-one seems to have mentioned how much this is all costing? *ankers. A 'no' vote still leaves Scottish MPs at Westminster - how is that fair then?
Iam, dont be so sure..the worlds media is all over the potential end to the UK!!..and indeed as a Engerlander living in the Highlands, im privy to a slight..how do you say..angle on it..whether i like it or not it seems.
Absolutely understand why that RNS would prompt a 5% drop. I mean, we're only making more money...... At this rate the only RNS which is going to see a rise is the announcement of a duster. That's how fecked up this market seems to be right now.
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