RE: Steady as she goes....17 May 2022 11:28
Only 4 real options from here imo
1) Bankrupt and administration = unlikely.
2) Takeover = good chance, if,
3) RS report confirms discovery, Cuda acquired, production and profits increased, pressure issues resolved.
4) All of 3, but then use profits to just keep increasing production ourselves but 2 will continue to be an ever increasing option.
Oil price is high, and will likely increase further. US assets will be in demand almost certainly.
we where 36p only weeks ago.. 60p on relist, traded happily around the 30s, already took a dive and bounced back. And all those times had less. We have more shares on issue, yes, but early fair value targets already in the £s…
Important to remember we have light crude and on land in “safe” area. With a 40 year incline production curve..
For me the positives still far outweigh the negatives. Let’s hope Art and the team can start making this an investors share & not a play thing for the manipulators.