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Clearly I do.
Have doubts you know what DYOR means though.
Investing is a game for the patient. Horizons should be years not hours. However there is much information, including but not limited to the timing of results announcements, to suggest Nov will be a busy month for news impacting the SOUC share price.
According to the interview report in Malcy's Blog the drilling campaign should get going this month so with the Freeport restart coming up.too should be a good news bonanza imminent.
Warm spell here in Europe is fizzling out. A frost predicted for much of the UK tonight. Just need some (long overdue) news to see our SP make progress boosted by that jetstream tailwind!
Below average volumes tends to see a drop. Only needs a few sellers taking a profit on the recent high. Would expect the drop to be made up and exceeded on announcement of start of drilling campaign.
Noted Viable.
Gor info there's an active telegram group following PXEN. A few holders subject to TR1 notifications post there. Link here
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Great 'heads up' Viable. Much appreciated. Might grab a few more too.
By the way you might want to do some research on PXEN..
Agree viable. Things have been quiet since the placing but the news dam seems set to break in the coming weeks. Malcy's blog reported drilling to be initiated 'as soon as November' so it's imminent.
Interesting read on batch drilling technology. It would make sense to hang onto the rig and drill a series of wells using the batch methodology.
TSX now touching 60p levels whilst LSE lags nearly 10% lower. Looks like a UK placee has been selling as there have been multiple 'round number'sells today. Somebody may already be regretting that.
Over 2 million shares traded in Canada on Friday. That's more than 3 times average volumes and lifted the SP to ~59p equivalent. Now there's another director purchase. Should help see London get off to a positive start to the week.
SP up 6.25% in Canada yesterday on significantly higher than average volumes . Finished at equivalent of 55p.
Noticed that the Malcy's blog article hints at a delay to the start of the 15 well continuous drilling program. Following his meeting with senior management Malcy states that the program is expected to start 'as soon as November'. That's a few weeks later than initially planned. Think I read somewhere that there might be a delay getting the rig in place and this would tally with that. So Nov should be a busy month for news with Q3 results and hopefully the start of drilling.
Maly's blog valuation hard on the heels of this;
https://www.proactiveinvestors.co.uk/companies/news/995460/wh-ireland-initiates-coverage-on-high-growth-southern-energy-with-a-2-08-price-target-995460.html
Yep got that wrong. I did check the timing months ago, but for reasons of senility ;) got it in my head it would be end of this month.
Still good to have an RNS today . Trading on the US markets should improve liquidity and help stop the SP drifting lower during periods of low volume trading. Hopefully they follow up.the mention of the imminent Gwinville drilling campaign with confirmation that it has started in the next few weeks.
Wish they would hurry up with the news Tom.
At least we know Q3 results are due by month end. An update on drilling also due.
According to yahoo finance not single share has been bought or sold on xop since the verdict was announced. Surely cant be true!
Hi Viable,
Thanks for highlighting this latest update from 8C.
The standout for me is Fig 3 in the document which projects a tripling of production in the coming 12-14 months as a result of the drilling program to start by end of this month.
Transformational.
So we now have the following target prices from brokers;
Eight Capital £2.00
Auctus £2.70
Haywood £1.60
All well researched but with varying degrees of conservatism built in. Lots of near term catalysts.
A third broker initiates coverage and sets a target price 3x current SP.
https://drive.google.com/file/d/1B52RQSuzpLejyE842_O6bDLk32yD5Pb3/view?usp=drivesdk