Whatever news they release theres always a negative spin put on it, I remember when Trice released an RNS saying one crew member had contracted Covid-19 the SP dropped almost 30%.
I mean come on!
It stinks, it has to be a cheap takeover imo
This rose from 30p to 66p in a day, surely there is a lot of profit taking going on? Given such a rise in short space its usually typical for the MM's to try and fill the gap. This will bounce back hard I feel as starting to show on a lot of peoples radar again. In 6 months time 45-50p will be a steal. GLA
Hurricane on much healthier waters today than yesterday with this mornings new.
Great that 6 & 7 well are both up and producing, I'd be interested to know what outputs from each well, assuming at the moment we are 12,000bopd from 6 and a mere 3000 bopd from 7?
Now ESPs are commissioned and running, can we expect production being ramped up to say 22-24,000bopd?
Even at today rate of 15,000bopd that offers the company a healthy profit, very happy
The next update with water % will be interesting, 80/20 for North Sea is well below some current producers.
Hedging is a good move, and offers security against a potential 2nd global wave and falling oil price.
Are we expecting results tomorrow? It would be great to hear if they are planning to re-open 7 with ESP operational. An update with well 6 increased to 14k and well 7 opened would do wonders for the SP.
JAdam, this is massively undervalued agreed, but the change in sentiment is a big plus. It could suggest the seller is clear, and a more sane SP level can be achieved. Lots will be waiting to buy in on a change of sentiment. So for me its a big plus. Each to their own though. P.S I need atleast 16p here