Last drill took around 54 days. This drill may be slightly quicker as the crew will have learned something about the geology. I am guessing Monday 12 October for the next RNS though and maybe another 4 weeks for wireline logs to be evaluated. "Robust 3way dip closure" is strong language and suggests great confidence hydrocarbons have been spotted by 2/3d. It suggests from closure that this is a completely separate hydrocarbon field as it implies the gas/oil cannot migrate elsewhere. I think we are in for good news followed by announcing a GSA with VOG or ENEO. Merger or takeover will do. Multiples of where we are now for the patient. GLA.
I think its part of the trend- the share has only gone one way for the last couple of years, and with oil down and the general market conditions.
However I think a great time to buy as money becomes available Great cash position by BLVN Director commitments at 23p and 30p buying in. great prospect of 4 drills in the next 6 months patience a great value long term play with minimum down risk from this level
Morning mathasson, i trust you had a good bank holiday weekend. Value will out here in time imho meanwhile it is just a waiting game! I suppose you could say it is just a case of more patience required!!! lol :0))
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