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I feel there is a certain takeover in the pipeline. The windfall tax will only accelerate that. There are many bigger players who are looking for investments. The tax specialist brought on board is to confirm the tax amounts and ways to achieve these in case of an acquisition.
Please can someone provide the resolutions on table this AGM. If there is bonus approval for any of the directors, then it surely needs to be rejected
I have been a LTH and have recommended this stock several times. I am bit surprised at the sp here. I was thinking at end of March that we shall see 15-20p in May with news of bonds settled/am extension etc. Maybe this is being softened for a take over. We may hopefully get to know soon.
They have been quite good in providing operational updates around 16th and 17th of every month. Hoping to see the stock recovering to its potential at that time.
Thanks Legin. I wouldn't even worry about closing price as MM's are playing their games. The M&A season is also about to begin in the global oil industry. I wouldn't be surprised if this gets gobbled up now.
People who don't get disturbed by short term price swings are the ultimate long term winners. Stock market is a casino where shares change hands from weaker to stronger players. A debt free oil company with 50 million cash and still spurting out more cash , having millions in tax credits, a strategic WOS with massive acreage doesn't need to be sold at all. Trice wasn't a fool although he got ahead of the curve for which all of us suffered. I will be adding on April 6 here.
Michael, it was never because of the well glitch. It was let's say a bunch of board members deciding to give away the company. Things changed as the judge could see right through the skulduggery.
This stock has a massive potential now. Debt free which is rare for 90% of the oil companies, Producing well which again 75% of the oil companies are trying for, surplus cash, an acreage which is enviable, Wos which is a strategic UK asset and finally now the new of extension. This stock is destined to be great now. It's days have come. This will be a multibagger from here.
I will just pray short term it does not over shoot as I have next year's ISA pot coming in on April 6. But this has a surge written all over it. Let's see what happens Monday.
Daltry, this stock's time has come even if Maris does not want. He can delay but can't stop its potential. There will always be few who will sell out and MM's will play their games also. But this is a stock with massive massive potential. A friend explained me the chart here and it is a perfect bowl heading up higher. This stock is easily going to cross 20p and more in short term. Just keep a hold. Do not be bothered by short swings. The fundamentals are very strong as well. Keep the faith.
Thanks to everyone who stayed and fought back for shareholders. Today is Shareholder's victory. Come on 20p sooner than i realised.
This is a massive news. what a turnaround story Hur is. I soon see even 15p days over. This is heading big. Hold on guys.
RG/NS, I feel there is someone negotiating for a takeover and accumulating as we go along. We wouldn't know until the threshold for RNS reporting is breached. This is one of the most attractive oil play currently. The acreage, WOS, POO, Tax credits and a debt free company with huge potential.
Very strong momentum in SP, can easily take it back to 12p+ now. Someone knows something.
Sorry, i was writing March and no reason why I wrote March 16th. It is around 16th of every month that we receive an operational update.
This is ready for a big re-rate. Hopefully we will see 17p by March 16th itself.
I agree. When is the next operational update. I reckon around March 16.
Thank you for your email and apologies for the delay in responding.
We are continuing to work closely with the FCA to try and resolve the outstanding regulatory issues so that we can then move to execute a substantial capital raise. I can only apologise that there has been no news but this is a process which is outside of our control as we are in the hands of the FCA. I can only reassure you that the Board is entirely focused on trying to resolve these matters as soon as possible but for the reason outlined I am afraid I am unable to let you know when that might occur. As soon as we have any news we will of course announce that to the market. In the meantime we are working on our 2021 full year results which we hope to announce within the next six weeks or so.
As the 14p price target by CA approaches , the takeover seems not very far away now.
This March should see double figures.
This should start flying anytime soon. DYOR IMHO and all that good stuff. There are risks here but now with POO and debt almost at its end, this is a strong momentum stock