RE: movements3 Feb 2020 14:35
one thing is for sure here. retail investors love to take losses. company has released a decent update which weren't meant to be out. atleast its good they have started quarterly updates as they must believe in the flow rates. remember Lancaster came into production in May 19. a good 8 months of testing has have happened. they must be confident in their finding thus far. hur management targets have been exceeded by well performance as mentioned in rns. 6 well is in full flow at the moment and is pumping 20k bopd from feb 2020.
there is no reason operationally for the downfall but other city boys control and retail shorters.
March will be explosive here. BP would want a piece of this.if not all of it to boost their portfolio and to keep their shareholders happy.
if you know, you know.