I understand that BNG license has multiple prospects in addition to the two that they have drilled and found oil, so immediate focus should be to develop the deeper horizon and extend drilling on shallow prospects to capitalise on investments to date. Other prospects provide ample opportunity for further exploration at a later date
Richyp123 - think they are unlikely to look at Mxp as is riddled with debts and has been managed so badly. Immediate focus more likely consolidate existing assets and develop BNG.
I think the only thing that happened last week were buyers coming in and taking advantage of the low prices when most of the MM's were away on holiday so they did not have the opportunity to re-trace the share. They are back at work this week, so we are back to the pre year end trend. As soon as they announce something on A6 even if the status of drilling through the salt layer, should give enough impetus to move this price upwards. Any progress on thinning or removing the mud in 801 or A5, will similarly give the price a step change. Work on site will have continued throughout the xmas period and so there should be much to report on the status of these events already. No doubt will be waiting for those at the top to get back from the new year celebrations, before the RNS is written.
Just signed up for this but am not sure how the system works
Could someone confirm if they can see this comment
Flawless, been watching this and agree with your position and analysis 100%. Couple of clowns and if LSE has any standards they should send them packing. Sooner the better.
What is the next ceiling price now that 15 was cracked today. Anyone remember ?