good solid update and16 Jul 2019 11:57
an exciting second half with the drill bit to come...
given strong balance sheet and sundry general fundamentals this s/p is very cheap now imho and so I've topped up again this morning.. Hopefully this can head back towards 15p in second half of this year.
(caveat : concerning macro factors such as environmentally related II switch outs of sector and shale production grow out continues to be at play alas, these can of course 'continue to continue' , or even, frighteningly, continue at increasing pace.... as I ongoingly discover the problem with AIM oilers is no matter how cheap they currently appear they can always get cheaper again, sadly.. but management with cash in the bank can do more here and elsewhere though to defend their shareholders imho eg. share buyback, dividend, more of remuneration packages in shares/share options, directors buying in open market and : nb bring down costs generally, not least in senior management total non s/p performance related comp. levels)