Possibly, we know they’ve been selling down but haven’t had an indication of an increase etc, perhaps your theory might be correct, we’ll know on the next leg up
Looks like we’ve filled the gap at 0.6 ish, retest of 1p should be good to go now. I’ll be expecting 1p to form the new base and a test of 1.5p before the inevitable pullback unless news on jv etc. she’ll play between 1p and 1.5p over the next few weeks for sure.
Some serious wedge has piled into this the last few weeks, mcap is due a serious re rate if any serious oil is found by shell and total. The license area could be worth hundreds of millions of dollars in a short amount of time. Obvs it’s still a punt as there may be a delay in realising this value. On the other hand our jv partner might want to step in and front up the cash for a drill that we have a free ride on. Expecting if all goes to plan this company could be worth just shy of a million pounds in a year or two.