The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hi Kaiser
Well put. Clove must be further derisked and must have a greater chance of success now than 66%.
I didn't believe they would go for it with the Pmean being very low but now I'm not so sure, if the money is there go for it.
I don't see any reason to deepen it though as the geology is rising steeply to the surface and no uplift like at Saffron, but there are numerous oil filled sands and fault traps at higher levels to go for.
It's good to find out where the work over rig is working next to the shoreline at Bonasse( thanks to jcgswims for that)
ATB:))
Just a curiosity if we could have 3 successful wells and this is extremely unvalued I wander the SP if all three wells are a success. Got to be looking at 30p + at this stage
I'm just over the moon that the first SWP drill wasnt a duster... It bodes well going forward to tap into the rest of the assets.
Now we have found oil and gas... Next step is to determine the size of the discovery. Nice... All the patience in the world. Slowly slowly.
Come on CERP.
My thoughts on this RNS, is that we MAY get oil from all three targets, which is why it was widened to the size it has been.
Now I know that people will probably have said this too, but it really is good news. It means that Saffron is going to be a go moving forward, especially if they took care on the second target to make sure that they can get to the primary target!
Now people will do what they want to do, but I was quietly confident that we would hit the primary target and would definitely get oil from it, but to get all three targets producing is just amazing and in my humble and honest opinion, de-risks the entire SWP acreage, it will be further de-risked if Clove comes in too and it may be worth going deeper here, if we can, to see what may be below that, because I think that they went short on it to up the percentage chance of oil being produced to 66%. Although I might be wrong with that, but we will see moving forward what Leo and the rest of the BOD's decide to do.
Personally I think that this was undervalued before this news, but now I believe that we are severely undervalued, but that again is only my opinion.
All the best to all holders, new or old with whatever strategy you have here.
Merry Christmas.