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Current MC way to low for a business that can produce 4k BOED and up for sale.
Something going on here...news coming?
Nt to buy
May numbers should read a lot better, all relevant commodities are doing well compared to the first 4 months avg.
As at 30 April, the Group held cash balances of US$ 10.6 million, and has no debt.
This should reRate very soon. 50p next stop please !!
RNS - production down due to demand.
Bad month of April out of the way now, demand should start picking up with lockdown easing around the globe.
had a small nibble at this @ 21p. Sale or no sale it should be up from these levels.
4k production (mix of oil/gas/LNG)
No debt
Someone's in a hurry.
Nice
Investors that know the fundamentals of this sleeping giant are going in BIG.. this will reRate to 50p soon..
I think that the MMs are trying to hold it here to flush out a couple more traders who will get bored as the SP has not gone up 50% plus in less than a day.....................
SP etc seems to be frozen
MMs using the spread to print trades as sells, last couple of trades are buys as have the majority of trades this morning.
20p to buy..will bounce hard on news...or open 50% up on news...on stealth mode
Ready for launch.. huge upside here. 50p next stop please !!!
Absolutely
Yep, defo worth a punt with the v limited downside. Was in BRY - easy double up there.
bid situation I think mate. TO code disclosures hitting , mcap 18m. no debt, cash 11.6m, proven reserves 9.1m barrels. Producing 4,070 bpd. SP 52 week high 102.50. Current SP 22p. 80% taken on shareholder reg. offer will be multiples of SP. what’s not to like?
Popped up on broker alert. What’s the story here?
This is gonna explode .. buckle up guys
BOOOOOOOOOM
I’m glad to see this one start rising again - will it continue and anyone any thoughts as to why the the recent rise.
After a few years of hoping for the best, I am out of here. I can't see a way up other then some improbable new discovery or a cheap priced acquisition of producing assets...Maybe there is some value from these depressed levels but not for me....best of luck to those who have invested and are keeping on.
I have been in this stock for years now and it never seems to find a ground on fundamentals! The problem is that, no matter what happens, they can't manage to add reserves : actually the latest news implies a reduction of reserves and a diminished production. I can't see an upside and pondering whether to take the loss and get out. Anyone with any insight to potential addition of reserves or any other potential bright spots? Thanks
Well I got that 100% wrong.
Looks like a double bottom hit at 31p though. Could this be the support which I should've waited for?
Looks like we're bouncing up now. It appears to be safe to buy again (so I did). GLA