RE: On last Friday, the Company acknoledged my Email & said,17 Jul 2020 09:19
Why do people fear further doom and gloom when the sp languishes following a bad RNS and before a fresh RNS with a meaningful update is produced? Post April when the oil price collapsed and prior to the 22nd May RNS which announced the well 7z issues that reduced the 20K bopd forecast, the price operated in a range between 9.79-12.30 up and down, since the bad news RNS it has fluctuated between a closing price of 5.67 - 8.85, nothing has changed or will change until the promised RNS sometime post the 14 day test period with the ESP assistance announced in the 8th July RNS. When that RNS is received, the sp will either rerate upwards towards the 9-12 p range if positive or drop further. By my calculations, the 14 day test period will be up on 22 nd Jul, in the interim no-one knows or is privvy to meaningful insider info I would suggest.