wouldn't worry too much about the short term trades and limits on an ever changing day to day basis - it will be the picture that unfolds in due course that could and should have the ability to drive this much higher.
Growing production!
RC Field movement!
Possible takeover!
NAV given as 45p (by QVT Fund and major holder)- QVT & PVR funds have both added since.
RC Field re-statement has the ability to add minimum of 21p to NAV. (66p)
Irrespective of takeover - production is set to double at least imho.
Current 1000 boepd production.
Last well tested over 650 boepd and awiting tie in to GGF in Q2.
4500 boepd possible (see CDL Nov presentation)in 12 months alone.
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