Just a quick reiteration here on these two E&P oilers.
Do not take your eyes off these two oilers as they will both be trading at a significantly higher range than their present sp in short time.
When they blow it will be extremely difficult to get stock at the press of a button telephone trades will be required.
Nautical have just completed a placing that was over subscribed several institutions failed to get on board at the 125p placing. Stake building is a near certainty given the huge discoveries at Catcher,kraken Mariner etc. Nautical are also involved in other drill prospects Tudor rose,Merrow with more license awards very likely. Make no mistake here Nautical are destined to become a major player in the North sea.You’ll all note that the sp increased after the official rns on the placing. A sure sign of market/company confidence.
200p target still stands here although 300p is looking more likely as each day passes.
Encore are on market watch here given the Catcher estimate could very well exceed the present 300 mmbbls and bearing in mind that their management team were responsible for the Buzzard discovery in 2001 bodes well for share-holders. There are very few E&P companies that are debt free Encore and Nautical are.
The business conducted with Egdon will enhance Encores’ uk and French licenses which will in turn help Old head of Kinsale,Cobra and the Schull gas discoveries
As for Cladhan the market awaits news.
100 pence for encore is in all honesty probabley on the low side i really expect this company to hit 150p once the full oip at catcher/cladhan progress’s into a FDP.
Keep faith with your holding.