Trumps speech.....20 Jul 2024 08:54
Drill drill drill! That's what the man said and it looks like Union Jack are doing just that. Will we see a third well on the Andrews site? Moan and complain as much as you like but DB made a timely decision taking the company into the United States. We could be following Europa into Equatorial Guinea of UKOG into Turkey. We could be holding loads of JV fracking licences with Egdon/Heyco but lucky for us we have a brilliant producing licence in Wressle, a producing well at Keddington that is presently being upgraded, one producing well in the US with another looking like it could be on its way to being a producer too. Then we have the prospect of a couple of additional producers from the secondary recovery, the Wilzetta to be drilled within a matter of months and whatever other deals that are put together, seems to me the opportunities are boundless and DB is taking advantage of them. All being paid for by the cash reserves the company has being amassing. I feel pretty confident in the share price catching up as the interest starts gathering a little pace across the water, which I am sure it will.