RE: Share price21 Jun 2020 16:00
I'll tell you the main inhibitors to this share going nuts on the run up to spud-
Oil price.
Dilution.
Lack of hype.
Other more fashionable shares/markets attracting the dosh.
Oil is not as attractive an investment proposal as it was.
Just to reinforce the above.
Try and find an oil explorer who in the last 18 month period went through a similar route as BPC ie
Planned,(farmed in) drilled, found a decent lump of oil. Check the sp graph buddy. It is not a good one.
Why, because the oil price dictates the market capital.
So, unless you can dictate the price of oil....stop trying to mislead people.
Look at CERP, no money. Why? No income from the oil.
Fields have been closed down because they are not economical.
Pearls before swine. I'll leave it at that.