This caught my eye...."With continuing strong oil prices and cash flow generation, there may be opportunities to consider further distributions to shareholders and to optimise the capital structure"
A steady rise up to 35p before people twig that is still got value and plenty to go - one to tuck away and reap the rewards in due course. The link below gives a little history and more importantly future development. https://www.enwell-energy.com/about-us/growth-strategy/
Trading update tomorrow + strong increase today = takeover. Of course 2 + 2 doesn't always equal what you expect but maybe just this one will and it may begin with an "A" Not invested here but now a keen observer - GL to all those who are invested !
I hope you are right but suspect it will take longer than “coming soon” but in the interim I hope it stabilises at these levels - especially now it’s broken the £2 level.
Hopefully today’s rise signifies a cracking upcoming RNS and with it news of what’s pending with the cash pile, updates on progression of existing sites etc.