RE: Will we see 3p again27 Feb 2022 11:56
aspers, fair enough with your view, i however think you may have sold too early. if nothing happens this year i agree it would fall back to 3p, but the RNS although not worded how I would like suggests Heron for Q2 and oil to be tanked to petrochina
Heron 2,3 appraisals Q4, and with DQE sniffing around no doubt the velociraptors will be on the radar to drill next year, funded from our own oil, DQE part funding either as JV or farm out.
Clearly states in the RNS all the equipment is in the country, and the 'delay' as such are the rig workers due to chinese covid laws. They even stated we have negotiated a discount on the rig then what we paid in 2019 when we discovered oil at Heron
market cap is only 35 million pounds and in my opinion with where we are now and fully funded for this years program, significantly undervalued.
anyway I am glad you sold at a profit, that's the name of the game anyway, and good luck at SEE
I for one am happy to be patient here.
GLA