I think that at some point in this crisis, once people have properly woken up to energy security point, most if not all all of these aim listed domestic producers of oil/gas are going to do very well from a share price perspective.
I think the point he is making is that share price has been in an upward trend for 6 months now, just as we enter a period of potential news flow, which if history is anything to go by, would suggest that if the good news materialises, then it is likely to reflect in a dramatic upwards shift in the share price
Somebody was talking about 7p last week, seems a bit far fetched if you ask me, but I could see .7p with the right news Flow over the next month or so:) certainly one of shares that has the ability to really motor on occasion!
Just need to look at the 6 mon the graph on lse to see that optimism is returning, imo share hit its bottom in Dec 21, you just need to look at the 6 month and 12 month historical chart to see that, next move could be a big move upwards:)
“ Just last month, business secretary Kwasi Kwarteng ordered a fresh review into the scientific evidence around fracking as the government considers “all possible domestic energy sources” in response to Russia’s invasion of Ukraine and soaring energy prices.
While the UK was just one of many EU countries to introduce their own moratoriums on fracking, experts say the government’s decision to re-examine shale gas extraction marks a departure from European Union regulations.”
https://www.independent.co.uk/news/uk/politics/brexit-rees-mogg-vacuum-cleaners-b2091362.html?amp
“At the top of the list was a suggestion to “encourage fracking” – upon which the government reluctantly placed a moratorium in 2019, after scientific analysis found it was impossible to predict the likelihood and magnitude of associated earth tremors, which had occurred close to sites on multiple occasions.
According to the post-Brexit suggestion cited by Mr Rees-Mogg’s office, the government could “shortcut rules on planning consultation” via emergency legislation.
Documents uncovered shortly after the effective ban was imposed three years ago show this idea predates the UK’s exit from the EU, with Whitehall officials having been mulling ways in which planning and public consultation processes around fracking could be made faster and “more predictable”.
Another quote from advfn board…
“The 48 sq km Loxley geological structure contains materially significant gas volumes, which in a success case of around 4-5 bcf/year, on an energy equivalent basis, could have the capacity to power around 200,000 homes per year. Loxley gas field is huge in comparison to the size of this small company.The approval of Loxley field will have a massive effect on the share price. A rise between 0.5p to 1.0p is achievable just on the approval alone.“