RE: Boat23 Dec 2022 12:22
It was good to see the commitment to the purchase of a new rig. Also if CE misses 23 season then surely they'll have to consider removing rig and utilising it to accelerate the operational effort. They've stated that they are in seperate discussions for 2 charter opps for 23/24 season and i'm not sure whether that's a change from the feeedback given at the AGM. The fact that they're still talking about the 23 season intimates that there's still a chance. Also interesting that they can afford a new rig so hopefully it's not another share swap with one of Kuat's clan members ! They must feel confident that they can continue to pay divis.
The latest RNS has the 'Spice Girls' vocabulary. Shoulda, woulda, coulda. Our Clive likes to use noncommittal words eg expected, should, believed, approximately etc, the obfuscation continues unfortunately. That aside it will be interesting to see how much operational activity is achieved in January but if timelines slip, Q1 'SHOULD' be very active with several material events in play. Next news will probably be at the end of the month so i suspect that the trading volume will pick up in readiness for several news items. Won't stay at 4p for long and it won't take much to spark it into life. A multi-bagging opportunity with little if any downside and 23 looks like it could finally be the year of the Caspian SUNRISE.
Merry Xmas everyone and wishing all investors a prosperous 2023.
Oil