RE: Come on MATD25 Apr 2018 15:48
People thought this was going to take off with the oil conference, then said we'd have to wait for ISA, then it was the RNS- now it's permits and rig date. Since the permits are a "formality"don't see why anyone expects a rise. Even with rig mob date, don't think we will see much higher than 12.5. Last year, pre the planned Sept drill, prices hovered 10-11p.
I know It's a funded planned 4 well drill but personally, I feel we'll just have to wait and see if they are going to drill Block XX- hope I'm wrong. Still waiting on rig tender news on that one. All IMO.
Before some spout the usual nonsense about looking for a lower entry fee, I don't think the price is going any lower barring negative news.
Hopefully, we'll hit something Snow Leopard or White Horse.