The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
We were waiting on the drills in neighbouring locations, can’t remember the outcomes of those.
With the current oil situation which will take a long time for good recovery, I would like to think gas exploration would be favourable now.
WT well said. People should stop crying and sell up and move on if they think this is down the pan.
I’m down a considerable amount, and yes bought more. My responsibility to accept the risk.
If Fi was still in charge we would be gone by now! With MH and his business expertise we still have a chance. The first TA drill was close, still being assessed, but 3 more to go
GLA
My thoughts exactly! If not suspended it should be near completion now. It’s my guess they want to sort out deferring debt payments first then release news on the well.
Hopefully there’s a global agreement on oil production drop today
Could see a surge today, OPEC called an urgent meeting Monday,
https://www.bloomberg.com/news/articles/2020-04-02/oil-pauses-near-25-after-trump-output-deal-causes-record-surge
If you check the RNS dated 17th they mention could suspend testing but not that they actually were. It is my guess that they are in the pressure test lock-in, testing was meant to start late Feb so 5-6 weeks have passed. We will have to wait and see. They may want to sort deferring finance payments first before announcing anymore. If there is an agreement between Saudi and Russia to cut output that could work out well for us