The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Both wells are in decline - fact, only because they need to be re-entered. I think they will include this in with the fact that they have replied the final amendments to ARSO.
So here's the Bad news but also - here's some good news.... will be interesting to see how the market reacts to that one.
So next week the final submission of amendments is being returned to ARSO.
IPPC is expected to be awarded towards the end of September along with permits to re-enter wells. They could come together, they may come one at a time.
Hopefully today marks the last days drifting share price as speculation and anticipation builds towards the crucial award being granted!!!!
Should be easily achievable if people hold their shares until SR is finalised.
T/O and JV will be minimum 1.5p as that's when options are available to BOD IMO.
Looking for 2p+ though as that's an Mcap of £50 million which doesn't even take into account the 200million revenue prediction.
I am honestly surprised this is still below 1p..
Colin has essentially confirmed the SR will be concluded with the IPPC or not... just means if we have the permit the T/O or JV bid will be at a higher price. The Permit he confirmed WILL arrive eventually but the SR will conclude regardless of whether we receive it or not.