Live 0.715 to buy
Looks like a blue opening today maybenour luck is changing Or maybe people are taking positions in readiness of the litigation finally completing
that's a big average down I agree its under valued and will boom soon
its at a 2 year high and will hit $70 the market will soon factor this in its only a matter of time we are producing oil very few aim shares are and we just cleared our debt!
You could be right there and it would make sense
Premium placing at 90% and debt cleared wha more can you asked for this has just derisked itself massively GLA
They have the Mayan cash and some profit from there too
if I was to take a positive assumption it must be due to the litigation holding SO from announcing anything as the last few RNS's have only been release post Panoro announcements And.... SO has indicated a revaluation so hopefully after January once the litigation is fully resolved we will see something GLA
Is now over $65 first time since June 2015 And the SP is lower since then we are producing oil does add up
OPEC confirmed to restrict oil till 2018!!!!!! Oil forecast to hit $70 another 15% added to our margin add that to the revaluation https://www.reuters.com/article/us-opec-meeting/opec-agrees-oil-cut-extension-to-end-of-2018-idUSKBN1DU0WW
Something is cooking
"Significant measures taken to resolve the dispute and discussions underway on full settlement" from Panoro press release today is this the reason news here is being herd back as the dispute has not been fully settled yet?
It was running on around 5000bdp before so I guess that’s a 26% increase?
Its all there from recent RNS's Hinting the revaluation; "Furthermore, it should also be noted that the Company's initial investment in this licence represented a very significant discount to the amount that had been invested historically by other parties. Going forward, as the partnership's plans for the development of the licence progress and are further refined, and as other factors change, the Company's valuation of this investment may clearly be subject to adjustment" Operation savings and new price of oil; "As referred to by Panoro, the partnership has already managed to reduce operating costs and continues to focus on improving margins against the background of an increasing oil price. " Gas reserves where we have not herd of the rates yet; " the Aje Field is believed to hold significant resources of gas, the partnership is continuing to progress plans for the development of the gas and to discuss the best strategy for the development of the licence going forward."
SO is working on a revaluation of the company hopefully this will include POO and gas
at the end of the day he invested and made money if he didn't then it would be an issue, anyways MYN was never on our radar till we herd about it indirectly
or he's banked good profits!
Last year SO brought 100K worth of shares at 1p
a year ago oil was $45 and sp was 1p now oil is $62.5 and we are at 0.6p a revaluation is due on the upside IMO
Game changing news!