RE: My 10p Prediction11 Sep 2021 07:39
John you ask me about time scales, like all all of us l have no clue other than a basic understanding and what's Infront of me. We talk about Coho pipeline when it is completed, will the news affect the share price, minimal. The NGC contract when signed hardly reflected in the market price. When the gas is flowing through the pipe line and the sales reflected in quarterly sales that will get the markets attention.
Royston is the main news and probably some of the deepest pay sands in several layers as Casadura. Shell found 700ft what else did they not see at the time. Casadura was about 1300ft of pay from memory. To test Royston they have to work from the bottom up to test what ever layer they are testing, maybe 5 different sands???. It will all take time any news release they will need to be 100% confident, rather than fiasco with Chinook. They will take their time, period, we are the ones in haste, if they are in haste, we get burned.
We may get news if they are blown out by pressure. Thats my take on things short term, long term only concerned with flow rates, cash generation and divis that when the big numbers start. As for being bought out for a few quid is pie in the sky, to many people holding to many shares and any offer has to be in the billions. PB know what's this is worth, we may have 15000 boe a day X3 for additional wells and Roston and the rest, we have no idea what is down there.
If we get to 1000p most of us won't give a flying feck after that they become cumulative numbers.