they will be a dip on that news and then lift off
im sure with those reserves they will get a decent financing deal
costs of extraction are about 18 dollars a barrel. That leaves a whole lot for profit . especially with 75% going to rose at the moment. However a farm in could halve that. Still huge profits for a company with a MCAP less than 20 million GBP.
wdel - i know exactly what you are saying - i WAS in TXO and SER so im used to disappointment! but the fundimentals here are very promising. The only other AIM oily im in is SOLO and i think prospects are promising there also.
Great company Salop. Not the risk many make out . Just undervalued at the moment with all the new projects and experience of the BOD. Not like many BODs who are money grabbing scam artists taking a salary for doing nothing for the shareholders.
stil think a bounce from 2.5p . The fundamentals are being forgotten by many on here.
Time to take a quick breather before the next flurry.....
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