RE: Value15 Dec 2021 04:43
PS, whilst I agree with a lot of what you say, I must disagree with your opinion on share price. The reality is that we can all predict a price, but NOBDY can be certain for sure how high this will go in 1,2,3 or 6 months’ time, if we could do that we would all be rich.
Nobody foresaw the increase in gas prices, but as I work in the industry, I will predict that oil & gas prices will rocket over the next 12 to 18 months, there is simply not enough production in the world to maintain demand and the majors (in my opinion) have shot themselves in the foot by throttling back on new project investments, Cambo being a typical example, but I think they know this now. Further down the line, I see a significant energy crisis as the transition to renewables, cleaner energy has not been planned properly, but this is my opinion.
The share price will go where it wants to go, but for me, I see huge trigger points in the next 12 months – one being an exploration well in the Anoual license. I personally think that a lot of work has now gone into identifying good prospects and I think the next well will be successful.
With regards to share prices who knows, I don’t really pay any attention to brokers, they are all useless, my prediction will be that if we get both phase 1 & 2 sorted and started, we get something positive on Sidi and we get funding for the next exploration well, I can see us being well north of 20p, but prediction is just that, a prediction. One thing is for sure though, the company is in a much better place, and I am super excited about the journey ahead.
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