Huge Potential...12 Jan 2018 11:41
Extraordinary...huge potential in this company but nobody is posting anywhere...
OK its had its challenges in the last year or so but...
Refinanced, fully funded through to connection of GTU3.
Trafigura recently bought 4.177%
One of the Directors bought $10 million in October, just before the announcement of the GTU3 delay. That's a statement of conviction...
With GTU3 coming on stream in April 2018, 50,000boepd seems reasonable for 2018 (cf forecast of 40,000 for 2017); with guidance of 60/80,000 in 2019 and 100,000 in 2020.
Those figures would be utterly transformational...
Hardly surprising therefore that Peel Hunt upped their target from 600p to 640p...
And its a FTSE250 not AIM...
AIMHO as usual and DYOR...