RE: Price of Oil27 Jan 2022 08:26
Price of oil has no relationship to the current SP of RKH. Maybe only production or new discoveries will change that.
No, I’m afraid that the market’s negative view of the chance of oil production from Sealion is a major factor. The complexity of sorting Harbour Exit, Navitas onboarding, FIG tax and governance impositions in Q1 timescales will, IMHO, mean the share will continue to drift at the whim of the market.
I am not expecting news soon and would not be surprised to see a further drop to 5p as we wait.
It gives me no pleasure in saying this but I suspect the next news will be fund raising.