RE: Excellent news!!!!!!15 Oct 2025 10:47
I agree, there is a disconnect at the moment, if we rewind in the most simplistic terms:
We rose to over 70p anticipating Megrez results
dropped to the low 50s upon tariff news, which we never got refunded :->
had terrible Megrez results
abandoned the well when the last areas were meant to be the most likely to find oil...
Sat in the 20s,
had good news rose into the 30s, had a placing
had good news and are still in the 20s.
I always think of this as to where we are heading and what happens on the way.
When the company produces oil at the expected rate, the share price should be around £2.80
We will be funded on the oil front by the gas. As we can see, the whole gas thing is full steam ahead.
So this well either leads us to being funded and producing oil, or does not. The thrill of a new well bought us to 73p, where this bigger deal, affecting the overall progress of the next 5 years has not been priced in. The importance of this is more than Megrez, so to flow oil and gas, we should be over £1, heading towards that future goal, probably mid 2028. Sitting down here in the mid 20s with a result not priced in at all means that one day you will wake up with a high price. Its not nice, I would rather rise up and then decide what the risk is. This is rather binary- do you think its going to fail- 15p, or succeed 70p - 1.20?