No one could say, I think 50p first day on news of funding then a climb to around 80p. I would expect �2 on production with oil around the $70-80 mark.
Good link, puts us in an even better position with oil prices not high enough to encourage new exploration, makes already proven fields look even more attractive. Big things coming for the rock
Brent knocking on the door of $70 again, I remember eegbvi saying this is the magic number for the Saudis before floating Saudi Aramco.
Where is eegbvi?
If they are still confident of FID in 2018 they arnt going to wait until the end to announce financing imo, like aa111 said I think this could come anytime and must be well under way to release such a big statement last week.
I don�t mean to sound like a rambler recently and I am by no means very knowledgable in the oil and gas sector, I�m just feeling very confident about this investment getting moving soon.
20p? Wouldn�t think so now. The only reason this is stuck around this area is because of pmos convertible bonds which has pulled their sp back slightly.
Brent�s had a rough start to so that hasn�t helped but I definitely feel this was pulled back for some cheap shares and looks to be recovering now. Very good sign if it does
To think back in may -June 16 this was trading at 40p with oil around $40 and this is only 26p with $70 oil and promising news we are on track. Has to creep up back to those levels from here surely?