SOU TSX4 May 2022 20:50
94c @ 14:08 ET. Profit-taking likely.
@ 12:56 - Anything indicated can not be confirmed until -
a) the three Mt Olive Rd well results are received;
b) the next two laterals are drilled this year; and
c) the Eutaw City Bank and Williamsburg Cotton Valley 3G plans are to hand.
After a phone call I was fortunate to slip in with a final top up yesterday for 50p @ 16:30. Nothing is guaranteed here but Kolnick, viicapital, is quite adamant that $3 can be reached. Progress towards it will be hastened by UK/European majors' interest as the ramifications of Putin's folly bite.
We have a gas supply problem which is not going to be satisfied by the likes of CHAR, KIST, SGX, SOU, SQZ, etc alone. Exploration is one side of the coin: where more obvious than to develop existing plays from safe jurisdictions, especially with HH on the Missi doorstep?
Listing on the LSE was a very smart move. Relatively few investors have grasped the opportunity to date.
Bruce Benyon's 50k share purchase two days' ago said a lot. Now there is someone who really understands the G3 multi-frack Selma and Tuscaloosa possibilities.