Member Info for MTSparky

Will RRE buy back shares to support the SP ?

With the sellers still offloading you would have to gamble the price going down. Min £25 by XMAS...that's my hope !!..;o))

A steady rise then either take-over or another asset purchase sounds good to me !!..;o))

UK Gov will be 100% behind RRE:

UK regulators will increase pressure on offshore operators and equipment owners to settle issues impeding progress toward the government’s goals of maximizing economic recovery. In a June 4 letter to license holders and infrastructure owners, Oil and Gas Authority Director of Regulation Tom Wheeler said OGA “will be more progressively more proactive in using [its] powers.”

Don't watch it. Cash build in 6 months will see £25/sh.

I can understand profit taking, but where else do you put the cash with the same outlook as RRE? Most other small/mid cap oilers need fund raising or are years away from any income.

…..what a fantastic investment. Best on the market IMO. SP growth from here should be amazing.

......moving into JOG today.

6 months will be at least £25/sh just tracking the cash build..;o))

...sellers may regret their strategy to sell too soon !!..;o))

Plenty to go yet. £35/sh then another asset purchase...wow!

IOG valued at £50m.

Andrew Hockey, CEO of IOG, commented:

"We are very pleased to have progressed to signing the Thames Reception Facilities SPA, which has required meticulous resolution of a number of legal complexities by working collaboratively with a range of parties. IOG is now set to be an infrastructure owner both offshore and onshore, which offers a substantial competitive advantage for an upstream company of our size and further de-risks our substantial proven gas portfolio.

This is a key step in advancing our wider strategic and financing plans, in particular delivering a farm-out transaction to enable us to progress to FID at the earliest possible time.

In addition, we expect to spud the exciting Harvey appraisal well around the end of next week and look forward to drilling the well safely and successfully. Given its potential size and synergies with our other assets, Harvey has the potential to create significant shareholder value."

Well even if the SP only tracks cash, with a cash build of £16-20m per month the SP should still have a nice steady rise over the coming months. Another acquisition has to be on the cards.

….nice !! still room for another £100m on that figure...;o))

…...

...can't buy on-line. Great.

..good luck tomorrow what ever your price target I hope you get it. £35 sounds good to me, so I'll be holding out for the big prize. Can't see many share being available so the MM may have to rise the SP to get sells and maybe shake it about a bit. Hold on to your hats !!…;o))

..can we break £2 this pm. Someone is loading up...;o))

Order filled. Look at those massive trades. Onwards and upwards £1.75 now.

...if you invest £100k today in just 4 years you will be a millionaire ++++. There are lots of folks out there with that sort of cash to invest. JOG is a great investment.

I've got £3.50/sh in mind. £75m m/c. Still low but a reasonable short term value for the biz.

...on the ropes!