RE: Good buying opportunity8 Aug 2025 16:28
Its a good buy with a complex outcome to arrive in the next two weeks.
Remembering back to Trump's tariffs, the shares dropped from the 70s to 50s regardless of the actual reasons, the company didnt create that move. The following moves down was all the Megrez stuff.
So at some point soon, there will be some or no oil in the two new areas. Then there will be some flow, crucially including the gas outcome.
If no oil in new lower areas but good gas, that still funds the future oil development and we are off. I think that is likely, price 80p heading slowly and surely with the usual volitility towards eventually (2028) about 2.50.
If bonus oil, much short term excitment, supercharging this whole thing.
If non deliverable gas, a painful crawl across glass to oil production with very much dilution and on your deathbeds, a small payout and you can tell your children it all worked out in the end.
In this risk matrix, its probably a positive outcome, so 25p or 28p is npt 70p, so no need to consider selling. If worried about gas, do think about 25p and run for cover.