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Fantastic news!!!
Heading past 20p today or tomorrow.
GLA
As discussed, seems like good news?
Knowing my luck, no. We should see a good rise though after the great news late Friday pm. Surely an RNS will be released 7 am tomorrow to announce the awards?
Even if it did double, it would still be undervalued!
Are we going to see this Double on Tuesday ?
Yup Didgy, not very often news of such significance has not seen a sharp rise leading up to it from those "in the know"... Could we see a 100% day. Who knows, it's happened before.
This has to be a first , Rns contracts announced with no inside intelligence to manipulate the SP . Wait till Tuesday for a rocket ——————)
@ PaulFG
I suspect the RNS will be distributed on Tuesday when the market re-opens.
It will be carefully penned announcing the License wins but to also remind the market about our £100M of retained Value.
Great news, great spot - pretty poor show the company haven't issued an RNS, perhaps they're all on vacation?
Lets see the licenses RNS as there should be one. Also in the last presentation the broker give a target of 84p if i remember correctly. with these new licenses (as it seems to be awarded in the link posted earlier) the value must be increased. I wonder if at some point SB & Co may receive an offer that they cannot refuse... In any case today seems so incredibly cheap.
Other big winners in the SNS area include Deltic Energy, Horizon Energy Partners, Ineos UK SNS, Ocradian Energy, Perenco UK and Neptune Energy.
I have to say, although the current climate is horrible in NS, if we do come out the other side of the looking glass (currently looking by 2028) - this is a lottery ticket. Heavy oil will be needed for decades, and as SB and team tee up these licenses they'll be as rich as Croesus.
Hmmm, the licences are in the bag then. perhaps it is in the process and it is coming just before the EOD?
Today 15:34
Orcadian Energy: 50/21a, 50/26, 49/25b, 49/30b
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/552821/breaking-nsta-reveals-winners-of-latest-north-sea-licensing-round/#:~:text=33rd%20Licensing%20Round,in%20the%20Southern%20North%20Sea.
Orcadian Energy: 50/21a, 50/26, 49/25b, 49/30b
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/552821/breaking-nsta-reveals-winners-of-latest-north-sea-licensing-round/#:~:text=33rd%20Licensing%20Round,in%20the%20Southern%20North%20Sea.
We are expecting an announcement of new licences very very soon :)))
It seems that news is getting closer.... licences awards and shell repayment. this is what we have been told. this could be positive or could be negative.... also been discussed in here is the current MCAP which seems to be so undervalued. the last broker target was 84p if i remember correctly. Looking fwd to see what comes next. GLA
Have Ping picked the FPSO? The third license is also due. The next 2 partnerships have ORCA on 50% of the value.
As i said MMs seems to be out of shares or very tiny...... with some few buys we have had a tick up.... wondering what it is coming. GLA
Same here with a bit higher average but it is only matter of time to get above water.
Topped up again this morning. Only 10k but gets me to 50k with an 11p average
Into the bottom drawer they go, but happy to wait as the company has delivered all that it promised so far. May have to wait a while for next round of fireworks but thats okay
Looking at the price movement with very few buys today i think MMs do not have huge quantity of share and when another great piece of news will land this may double in price in no time. so i added last week and a small quantity today as well. In case of a take over bid this may make history in the AIM. IMHO.