Copl purchased Atomic for 54million last year with less than 40 million barrels proven,now go figure when next data for the 1.5 billion barrels comes out how can it be worth a market cap less than a billion!
To be fair todays market cap was well justified before the major oil discovery so that shows how much higher we have to go yet. Money in bank and other assets were/are worth more than today’s market ca.
Once this has time to sink in and be reserves believed there’s lots of mid tier production companies out there that will swallow Copl up. Some one with 4billion in reserve could be on same foothold as ENI overnight
Well I did see the RNS before trading today and expected a 50% rise today with a 100% tomorrow. Just home and cannot believe it’s trading so low. Just wish I had £50k to put in here. I’d be retired this time next year