August to December isn't all that long to wait for at least an improvement on current SP. No telling what it might be, but indicators are that it will be higher than last week. Good luck though whatever you do.
MJ. By entering a trade in the online share dealing account, you are given an execution price to either accept and complete the trade or ignore it. The price offered may not be the same as the prices shown on L2, could be more, could be less. You can (usually) only obtain a sell price for the stock that you own, therefore if you own quite a few, you can judge whether there are buyers waiting by offering a decent number of shares for sale. If you get a price at the advertised bid or above for the entire number of shares offered then there is demand and the share price may be going up. If you cant get a price, try the process again but reduce the number being offered until such time as you get a price. If you still dont get a price when your offer is down to 100 or so shares or the price is rather dismal, the MM's don't have an immediate buyer. The reverse is true for 'dummy' buys. Many people have unfortunately managed to obtain their price to sell, not intending to complete the deal and then muscle memory or subconscious takes over and they hit the accept button and lose their stock :)
Proving the discovery by further testing and additional drilling will rerate the Mcap if the results are successful. If production is delayed for 12m until end of 2023 as some have alluded then yes it will make a difference but if the well performance is known then the difference won't be that much. Bod were not really expecting such a large amount of gas and maybe plan A was in fact to flare off the expected small amount and pay for it with carbon credits ----they could also 'vent' it to atmosphere if they wanted to get a bit more oil out--but don't tell anyone--or light a match near the vent. :) I happen to agree with Bubbles' estimate of December or thereabouts for new drilling update, maybe drilling in October if we are lucky and early Sept for the crypton factor. News coming but likely to be bit slow. Enjoy the summer and hopefully the SP wont disappear into oblivion beforehand.
Royston sidetrack is logical captain. No need to prepare a site or a road or a well pad, most of the casing is already down the hole and it would prove further the potential for Royston separately from Casc---(-where there is enough to be getting on with for now in any case. )
Hopefully mgmt have made all of the necessary preparations for the drilling program and have just been waiting for the starting gun. Rig should be ready to rock and roll-- we should be drilling by Autumn with a bit of luck, leading to another SP event.
Won't be bought out until they prove what they have estimated is actually there and that it can be extracted, it's largely 'contingent' with some of it prospective. There needs to be a decent element shifted into the 'proven' category before a buy out unless it is just for peanuts.