IMO This is the calm before the storm. The company has transformed in the past 6 - 9 months and is now unrecognisable from the VOG of old. The company has achieved a great deal in a short time, and is now selling substantial volumes of gas each and every day. The cash war chest for future projects is growing daily. We know these things are happening and there are great plans for the short to medium term. The current dip in the SP is not indicative of the company's worth at present. However the markets will have to take notice once the company is in a position to report via the interims next Feb when the cash being generated has started to reach the bottom line. Happy to hold and might even look to top up on the dips when funds permit!
This share does begger belief , with an ave of £1.90 and watching this drift down from 84p ish down to 70p over the last few weeks I thought dam it and bought more to top up and bring my ave down a little, so I bought more at 70p. Great I thought it can now only go one way, but NO it’s down again, It make one want to just give up doesn’t it.
Though it is written off financially, it's still something that could eventually attract a buyer, not Lukoil though. They are big time multi-national players and seemed to be positioning themselves to bid for Russian/ Norwegian blocks in the Arctic last time I looked at them.
I would sooner West Med stay on a back burner for the time being though as any offer would most likely totally undervalue the potential.
I agree with all of that JTD. This BB is well informed and going on about the same old stuff day in day out just isn't needed. I suspect that VOG will issue odd RNS with smaller thermal customers coming on-line with cash now available to assist in the connection process.
But every 'green day' is another day closer to drills and larger fish - CNG for one. Once drills done and I hope successful, the march (underground plastic piping!) to Dibamba will start.
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.