Don't be surprised if this all of a sudden shoots up.
Reckon up this afternoon, buy when others are fearful. Trade for me still to mid 3s.
THey have ballooned :) :)
30k and 40k buys are going in via aquis and nex. the Mms are jokers though and not showing them on lse. What is that all about???????
Done - be fantastic if this new well repeated the last couple which were well above 1,000bopd when they come on, one was closer to 2,000bopd i've just seen. If they can get anything like that then group production will be well over 11,000bopd and because they were oil wells last time then margins will rocket. Fingers crossed.
DoneK - yeah there's the January update but i suspect another one before then as there's that IG well that will be completing now.
I would add that Oil is at it's highest levels since March so that's only going to build the JKX cash pile too. Whilst oil is a much smaller contribution that gas, the oil sales will add another $1m a quarter also at these prices!
No but therein lies the op. The value of the increase in JKXs cash and O&G inventories was over $5m last quarter. Annualise that and you get $20m. Then note that gas is about 50% higher than where it was last quarter. This is very, very cheap and i'm amazed too that this isn't closer to 40p by now.
As i said, I wouldn't to be in the offices of those shorts that were loading in the teens. Great job Pictet lol
Noticed the constant de-ramping stopped :)
"Unless the constant bickering on this BB stops I can't see much new money coming into the mix to rally the sp."
That's a reflection of how much AP has FAILED here since he's been in charge. Have you seen the dilution , the screwed up deals, the operational failure, the missed timelines and all for over $700k a year - that's the board's numeration! This bb is entitled to having a negative view
Neversellshell - i was here with a handful from 15p, 16p, 17p calling this long. There's no "good luck" required ... I have taken out purely to de-risk. Whether it goes to 40p, 50p I won't regret that as that was always my strategy here - i conveyed that from the start. The other half is staying in, the upside is monumental IF oil continues to rally and when further disposals arrive.
Well done everyone and I'm glad i'm not working in the offices of those shorts today!!! :) :) :)
Morning shakes.
Just grabbed some above 2.60
It'll come
The shorts that were loading in the teens coming under big pressure - that's 100%
Just a de-risk, keep the rest in . Let's see what happens at CMD.
Absolutely delighted with this result.
H2 2021 it is then - maybe
Fabulous day and touching 30p into the close. Go Tullow! :)
Fabulous day all. See you tomorrow!