Many have been "strapped in" trying not to "fall of our chair" and sitting on hands for a long long time. It does feel that the good times are about to arrive and all the frustrations of previous years will be washed away in a sea of oil and CO2 ;)
BUT ..... undeniable proof of a change in fortunes is the only thing that is going to drive this up
With GGS phase 1a or is it also phase 1b completing this month; how long is the commissioning likely to be or do we expect this is part of the installation? I fully expect an RNS next week in regard to GGS phase 1 completion.
They are connected fields. Was always going to be CC first as its 100% owned. This is why Copl have reworked some of the wells - I suspect as part of the JV plan. I expect they will JV fully on several wells, prove up the reserves and then BIG JV on the Fed deep
It will be 1 year since this Bond fiasco started :( ..the SP then 16.75pence !!
I've no doubt Copl never imagined that BH's would be converting at the rate they are, but the terrible interest payment terms and ability to short this stock while dumping millions of shares onto the market and crashing the SP has handed BH's a golden money making opportunity.
Had quick calculation of how BH's are making money from this - they aren't making much from the conversion and interest payment shares so they must be making a ton on shorting ... which means it eventually has to come to an end