RE: Questions please4 Sep 2022 09:11
Thanks Keith, much appreciated.
It’s nice to see reasoned assumptions and probabilities applied to the various scenarios - experience of microcaps over the years often drives one to desperation over the lack of logic.
I’m travelling at the moment, with little times to do any detailed review.
I would only point out the intangible impact of sentiment. Remember SOU reaching nearly £1 a share (unfortunately I can’t calculate the relevant MCap at the time). This was off the back of one well, which flowed well, the promise of miles of (poor quality) seismic in a less prospective area than Guercif, 100k to the nearest pipeline, and gas prices at a fraction of current.
It wasn’t sustainable, for many reasons. It’s also interesting to note panr 1 billion mcap.