back to this morning !24 Jan 2023 16:34
Almost back to start of day trade price, not surprised as what was new in this RNS !!! not a lot, speculative opinion about what the well may produce, is the gas problem wishful thinking ! until they get some clear production numbers, rather than from 'models' the market will discount it wont make a big move. Get the sand out of the well, clear the fracking fluid, get the well actually producing the max oil output it can, explain what the development path to multiple wells in multiple fields looks like? then maybe the price gets back to £1.20 +, which is what i made a poor decision and paid not so long ago....lot of shareholders nursing big losses here..... whats the big game??....even if this well does $40k per day, thats $13.4m pa gross before the operating costs... peanuts when you look at the previous capitalisation of the company, hence the vision for the big plan, where will this company be in 3,5 & 10 yrs and what will it take and when (capital and partnering!)...... to get there?