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This begs the question, what value for BKR if its all going on tax. Even if Eigg hits, all the revenue will go to HMG, hope SQZ doesn’t fall to cash equivalent.
They should of taken the KIST offer!!
I would like to see the BOD stick two fingers up to HMG, problem is they are just a minnow and have no influence (despite producing 5% of UK gas).
They need to return a fair chunk of that cash as Rushi et al have their eyes on it unless of course they can identify a friendly country to invest all that cash - is there one? Maybe time to merge with CHAR.
Increase of further 5% so from 25% to 30% increase
And an extra 3 years to 2028
https://twitter.com/willhares/status/1586687090145755136?s=46&t=1bbvMmNDiCeDmxzbzFMTBw
https://www.investorschronicle.co.uk/news/2022/10/27/the-aim-100-2022-60-51/
Not me, it was a given that the share price would drop when it went ex dividend and the current mild weather doesn’t help the gas price. The prediction is foe mild weather until mid November.
The MM have just taken the p with the share price after seeing all the sells after going ex div.
Last week i said to expect 255-285p, its going there
Would they be doing one this early, my understanding was that there were several stacked targets in this drill, so surely they would drill to target depth and then determine any side tracking
According to Eco-Atlantic Facebook page:
“Lot of activity around the rig, 2 large supply vessels operating to and from the rig”
I have no idea on the validity of these posts on facebook, but are they doing a side track, if so surely this would need a RNS
in these irrational markets i dont think they care what our cash position is, in comparison to the share price. Only the savvy clued up investors and traders will pile up if it gets there (255-285p). Our current cash position hasnt been strong enough to see us down nearly 20% from 400p.
Doubt the dividend will attract any interest, its all about protecting your capital
i have a target of 255-285p before i consider buying in my trading account. Massive risk off in the last few weeks, reckon that people dont want to hold for the Eigg results in the current market even though 90% of the costs are covered - crazy really. So if Eigg is a duster, short sharp fall followed by a sharp correction upwards.
Meanwhile, our cash pile grows bigger, and the Board are sat around a table counting it. It wouldnt surprise me that the strategy is to hold the cash until the market prices in ridiculous values for acquisition targets
I see that ECO are the operators of this well and the spud RNS stated that the well is being drilled through a “multi zone pay section”.
I expect ECO will update the market as they progress during drilling, they are the operator so news flow will be under their control for a change, what they release and how they release it will be interesting.
Let the fun and games begin
SQZ you got to love it or hate it, we spent years trying to break 140p and then it exploded. Patience should win out when its accumulating so much cash with no debt.
Reckon its just taking a breather for the next leg up. Should be closer to £6 by end of Jan-23
yes, i was expecting a bounce following the mini budget with no more WFT suggested. Current share price is crazy low. Maybe people dont want to risk new money ahead of North Eigg drilling conclusion. I know the drill is mostly funded by UK government so a bit confused why that would prevent investors piling in.
If there is a "known" large special dividend to be handed out, maybe thats priced in?
Who knows, i am confused at the current state of affairs
Todays RNS stated
“During recent preparations for drilling the third section of the well there was a failure of a vital piece of rig equipment during routine pre-job testing”
How many section will this well have
How deep are we likely at
Pre job testing implies we are only at the very early stages?