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Trades above a certain amount mean the MM can delay printing them in the market - most of these are normally for an hour - the bigger trades can be anywhere between 2 hours and 2 days - so almost certain a trade from around 8.10 hasn’t been printed yet
The basis of as far as I understand: is they are looking to sign an agreement with Sudanese government and oil ministry - to take over a producing oil field current production 4000 bopd and then look to improve the efficiency of the field- it use to produce 20,000 bopd wcat looking to get it back up to 10,000 bopd - obviously a lot / all infrastructure is in place already
Whilst this sounds an outrageous target price and claim : I completely agree that it’s very possible if the company deliver on what they have been talking about I personally don’t see any reason why they won’t - I’m very much looking forward to 2024 - would love to still be holding a fair chunk this time next year at multiple levels higher with significant flow rates and a dividend- good luck all holders