Totally agree with you Tracker. I also have been accumulating over the last 14 months. Too many people who post here are obscessed with what will be the price tomorrow. It is only important if you are waiting to top up.
It is quite possible that the SP will be walked down to the placing price during the next 3 weeks. What a fantastic buying opportunity this will be but don't wait too long because before the end of January we will have an RNS which could easily make today's price ancient history.
The potential here is huge over the next 2 years. OK there are a whole series of uncertainties:
Will the flow test for well 106 be successful
Is KEMERKOL going to be the cash cow that the company requires
Was Well 106 just a flash in the pan or is this really a huge field.
Will we get a commercial deal with Gazprom or will they shaft us.
Or will the dark hand of Russian corruption deal a fatal blow to the whole enterprise.
It is because of the above that the SP is so cheap at the moment. By the end of next year most of the above questions will be answered. As each of the above uncertaities is removed the SP will move forward considerably.
I also feel certain there will be at least one further aquisition during the next year as this is not a company that will rest on its laurels.
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