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Can now buy 43p , little top up from me.
ToffAppleton1 Some very informative posts from you over the last few days , great job keep it up.
Dartron A good couple of posts from you and very informative. maqsood is only thinking about his trade and how to lure people in so he can sell at a profit and sod everybody that gets stranded . newbies beware , plenty of good stocks to invest in and talk of breach of covenants is a BIG RED FLAG. IMO
People selling on this news and dividends / buybacks to be announced , crazy market IMO
Had to copy and paste this ........"The field's initial 2017 2P estimated ultimate recovery was 37.5 million barrels which we have now almost tripled to 108.2 million barrels. The PetroTal team is committed to increasing value for all stakeholders from the oil field's ultimate oil recovery enhancement. Noteworthy that our PDP after tax NPV-10 valuation is similar to our current market capitalization. We see significant upside with respect to PUD, Probable, and Possible reserve values that are not reflected in our current market valuation."
WOW , what an announcement" 46% increase in 2P reserves value per share to USD$1.75 (CAD$2.29) (GBP1.39) "
Brilliant news .
Brilliant move from the BOD, i will be buying more on the bell.
Did you read all the RNS , breach of covenants.
"Given the updated reforecast for Q4 23, the Group is unlikely to pass its debt covenants at 31 March 2023"
We always get a sell off after news on anything , buy really who would try and play this now for 1/2p . The JV partner will be well aware of this production number and been kept well informed from Art , they could now pounce at ant time because on next production update it will be to late , everybody will know.