IS SELL NORE OIL. Hopefully this should happen early next year.
During the period under review the Company continued its focus on minimising the natural decline in production, and improving the Company's drilling programme. The natural decline in production is being addressed by the implementation of standard technological means, sidetracks and workovers. The drilling programme has been re-evaluated by the new management, both at Petrosakh and head office, as a result of which two new wells are being planned for drilling by the current year-end.
Having said all that, i am still optimistic (more so over last couple of weeks) that this share will be trading towards a £ by end of 2014 early 2015.
I dont need to explain my optimism so anyone suspecting me of ramping this one up should read and digest the past couple of RNS releases. Hopefully you will end up sharing a similar optimism to me. GLA
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