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This will start to move shortly.....

We should easily be 20p+, it wouldn’t surprise me if we start to see it move the rest of the week and into the next few weeks. £25m cap for a company that could be on the verge of getting marketing approval for a drug which has billions of US dollars market potential.

I am loving the more conservative rises as it creates an orderly market between the buyers and sellers. The story is still unfolding here and we will be a different beast in the coming days and weeks to come.

https://www.fa-mag.com/news/biden-win-looks---mostly---good-for-esg-investing-58856.html

With Biden victory more or less confirmed. Climate change and clean energy will be in mind. Meaning money managers, funds and investors will be looking at ESG certified energy projects, we couldn’t be better placed. And big money will pour into such projects means that we will have plenty of investors looking and our anchois project but also the wider lixus licence which is multiple tcf. Funding and partners are not issue it’s a question of when not if and also at what terms. Even though we are at 10p we are nowhere close to dealing the inevitable potential of our anchois project and it’s wider licence area. Considering that it will only take $300-500m to deliver first gas / revenue makes our project remarkably fundable coupled with the size of our licence we can be producing high quantities of gas for decades to come. Remember it usually takes billions of US dollars to bring offshore projects to first production. So in the regards to being able to do that will $300-500m is like pennies on the pound. Value will prevail in good time and there is plenty of newsflow awaiting the market to still digest. The shackles are still only beginning to come off. Watch this space.......

Just an observation between the period 2009 - 2011 we did go from 10p - 200p, I am not saying we will repeat that but charts low to replicate and even if we don’t exactly replicate we could easily achieve a market cap of 200m + which would equate to 50p+ a share that’s highly achievable considering the assets as well as the strong newsflow on anchois coupled with perhaps a new venture

If it manages to break 13p then not much in the way of resistance to 20p

With expected news flow there isn’t much resistance we will be testing 12p which is around July 2018 highs and then could easily gap up to 20p high which is feb 2018 highs

https://majorwavesenergyreport.com/shell-to-focus-its-upstream-operations-in-nigeria-eight-others/

https://majorwavesenergyreport.com/nigerias-****tail-of-policies-towards-gas-revolution/

Great article on ESG investments and mega trend

This will also unlock potential JV partners for drilling next so can see some news on that front as well in the next 5-6 weeks

To be able to attract debt finance for a $300-500M for a £20m market cap company is a major milestone and no easy feat especially in this climate. Just shows how big the anchois project and the locus licence is especially with ESG credentials players lining up

Still £20m market cap this will likely change very quickly. Watch this space......

Today's announcement is also further evidence of the Company delivering on what it said it would do, namely, advancing the commerciality of the Lixus asset and generating value to shareholders in the process. This is an important first step towards securing financing for the project and we look forward to updating our stakeholders on further developments during the remainder of 2020."

More news to come before year end this will do well

Explains all the recent volume recently

wouldn't be surprised to see some after hours prints

sure right Scruffee we will see some strong moves in natural gas prices coupled with gas equities

Klein, I am just looking from a charting perspective, obviously if news lands the world is the oyster for chariot and can see multiples

We are looking to test 2 years daily high close above 5.20p on 10th May 2019. If that is breached tomorrow we could set a new upward trend cycle. Similarly we set an intraday high of 5.50p couple of weeks ago if we close above that then the uptrend will continue. Not much of a resistance if those breach and could then see a very quick move towards 10p range