RE: Every Friday at 16.3022 Nov 2024 22:01
"I think what happened ,still no increase in sp.
No Β£2-Β£10 per share
Oh god what is the hold up"
Pb, we have yet to make a confirmed commercial discovery. Charles and Flathead WILL be commercial AFTER stimulation (so not yet) and we need the result from Amsden to confirm Clink 1 is commercial.
I wondered why they released the RNS when they did, as the Amsden will hopefully (hopeful at not guarenteed) make it commercial. I think they wasn't sure they would have the result this week.
They couldn't have gone to Paris with the price sensitive data on the Hydrogen so they had to issue the information in it's incomplete state to be able to use the data.
Having said all that IF Amsden is commercial, and it is 2.5% as suspected and the flow is 4000 cfpd then the well will be worth $17.5m just from Amsden. IF that is the case, and the SP doesn't rerate, then I really will have no clue what is going on :)
For now, we can do nothing more but wait and I would rather be chilled while waiting rather than worry all weekend.
Fortune favours the brave :)