as stated in a previous post...just as in the Regal Petroleum case..the lower courts reversed the original judgement and all was `done and dusted`...not until the Supreme court rattified the lower court decision...that the price went north by 30% as soon as the news came out.. Lets assume the same scenario for ROS...The Supreme court rattifies the reversal.(this has been like Damacles` sword hanging over Ramco for years)..up we go 30%,ie,24p. Steve then releases more info regarding the fiscal review, farm-ins and programmeas for the Celtic area..especially if Marathon, who own their own drilling rigs and dominate the 7h area, climbs on board....up another 30%.
(try to remember that IOG have 12.5% of 7h gas and pull in nearly£1m...implying that Marathon got the rest of the field for nothing...ie£5m.. under one years income...so they`re bound to take an interest in Ramco`s licences and in my book are strong contenders for the farm-ins)....that takes ROS up to 32p...then we get info on whatever is happening in monty,(not sure what to put down for that....worst possible scenario is £5m compo for siemic work already carried out)....then we have possible `kick-backs` from Auralien....we still don`t know what deals steve made with Falcon Oil regarding sale of `non core assets`... We were also promised some form of `cash flow` enharncement..Finaly the big one..whatever Steve and Redman are upto at present. When this begins to move..it`ll activate radars across the counrty and the `froth` money will be piling in..some will stay..some will leave....I`ll stick my neck out and say 50p by Easter.(ps don`t forget the 1m outstanding warrants @32p as part of the `let off` for 7H debt to RBS)