18,340,429 volume, about 3 fold what it was per day16 Feb 2021 18:21
$63 oil price finally affecting the sp. Short squeeze is on courtesy of oil price IMHO. With luck that WORLD CLASS oil find off the coast of Mexico will bring major rewards. If memory serves a Mexican oil Co. drilled the block next door & hit same oil, then we have been in protracted negotiations ever since. Now the oil price has moved up to $63 one wonders how much our share of the 810 Million barrel oil find is worth? Looking at the last "update" RNS it says
"- Zama (Mexico) unitisation and development plan negotiations progressing with Pemex". Sounds like we may be developing the find with Pemex?? In fact reading on it says "In Mexico, negotiations between the Block 7 partners and PEMEX regarding the Zama field development plan and the unitisation of the Zama field are progressing and are expected to conclude in Q1 2021. FEED on the Zama project scheme (two platforms plus FSO) is reaching a conclusion and pending progress on the unitisation and other approvals a final investment decision would be made later in 2021.
What's the betting the market has not properly included Zama in our valuation??
All IMHO.