Surely the drop in price was overdone.a delayed payment and it drops by nearly 30 percent!I thought we had minimum 30 million barrels of oil.Has it disappeared! I agree we need to up the bopd ,but why all the hysteria.
Can anyone explain to me why we are messing around with these wild cat drills and not concentrating on getting the oil and gas out of the ground(which we know we have).
What I don’t understand is if we have 1.6billion barrels of oil confirmed why are we messing around getting dusters.Surely all are efforts should be getting the oil out of the ground where we know where it is
Everybody is underwater with this share,including Mick Buck.Lets not forget that MB has a huge number of shares and I’m sure is just as desperate as the rest of us for petro matad to succeed.I personally bought shares in P M when they were£1.41 when all the talk was about 90 billion barrels .I’ve always been a bit naive
Not great news but no reason for the share price to be slaughtered by over 30 per cent.Always remember that MB has a huge financial interest in the company so will obviously want it to do well
Agreed,everyone should lay off wise owl.He might be eccentric with his Shakespearean english(thank God I paid attention at school during the English Literature lessons),but his heart is in the right place.I’m just waiting for this to reach £1 and then experience a market erection!