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JOG somewhat perky in an otherwise dreadful market. Wouldn't it be a nice hedge to everything else going on if JOG announced a farmout in the next few days, triple bagged (minimum) and gave every LTH a reason to smile. Something seems to have woken this up in the last few days, whatever it is it's enough to keep this buoyant when everything else is in the red
As per the RNS, if the uplift price of oil was the average of the first 5 days of Jan @c.$84, then by the same measure one could assume the end of March uplift will be priced on early March POO - only a couple of weeks away now, and as we're comfortably in the $90s at the moment, this provides a fairly good idea of what HUR may get for March's 500k barrels, in other words a good 10% higher price than Jan
The spread today is 'only' 16%. I think it was as much as 50% a few months back...
With the strengthening of oil and gas prices you'd have thought there was a more compelling reason than ever to develop this. The next few months will be key. A company update would be nice. Still a high disconnect between the BLVN market cap of £11m and their valuation of BLVN's share in Etinde as $150m.
Given how consistent the last few trading updates have been it's hard to think they will have misjudged this one. But it's hard to know what the market will do. Response to poor results in wider markets has been quite savage with lockdown darlings not as rosy as they once were. But then again WOSG has shown itself to be a high performing company and everything looked good in December. I still maintain that the people who shop in WOSG would have continued to do so and I can't see why that would have changed the last couple of months
Good update today and sounds like things are on track. Hard to tell if the board have actually received any unofficial news on the application almost being signed off, but that's what it sounds like they're saying
The company has revamped its website (since i last looked) and looks very user friendly. https://ovocabio.com/
Could this be a pre-cursor to news and approval, and therefore selling the product?
The website style appears quite aimed at the consumer market
Nel, market doesn’t work like that it’s far more forward looking. The price is going to rise 3/6/9 months or whatever timeframe it chooses well before oil starts to flow. If you want to wait till the first drops appears from Heron and invest then, well that’s your choice. But AIM stocks are all too well known for rising on anticipation of news. As a famous investor once said you want to be strapped in your seat rather than chasing the plane down the runway. Anyone who’s followed MATD for a few years will know it has a habit of rising dramatically in anticipation of future events occurring
Brent now nudging $82, which brings us near the highs set in Oct '21. Hopefully with Omicron out the way JOG and funding partners are starting the year in optimistic fashion and are close to completing something
Heron is the main target but if they announce plans to drill Velociraptor then the exploration potential could send the SP into overdrive. Potentially worth sticking around and holding onto a few shares for that IMO
Only 3 months till Q2. From past experience the MATD SP seems to move ahead 3-6months ahead of newsflow/activity. Now that we are in 2022 this may realign expectations - and rather than newsflow only being 'next year', it is now a much more palpable 'next quarter'.