RE: This coming week24 Nov 2019 19:37
I seriously think that that the story is so good here that even if there is some profit taking (which there will be) the SP will take care of it's self, we will have the odd basher dredging up old and now irrelevant stories of past "failures", bad news about the future of oil and that it is winter in Alaska so drilling has stopped.
We are and should be confident, yes there are still risks but this is an appraisal of an existing discovery, supported by modern 3d and analysis, plus of course validated by the decision of PMO to put US$23M into the venture and remember they agreed to AEA as the operator, no lack of confidence in Erik and his leadership.
If any doubt listen to the PMO half year presentation, the guy is confident.
http://88ewiki.wikidot.com/premier-oil-plc