After many hours of sniffing around over the last several days i can now impart some information on the above .
Encores’ stake in Catcher/Cladhan could very well be bought by other parties after the full OIP numbers are quantified with full FDP’s in place: so says an analyst friend over at Evolution. Given the companies stated raison d’etra this would make sense. The Catcher discovery will certainly be on the radar of all involved in the UKCS fields, adding a quality proven asset to a company portfolio. You’ll note that the sp has slowly crept up over the last several weeks this slow rise is expected to continue, with a few bumps along the way, given the much awaited Cladhan drill news coupled with possible Catcher news. Debt free. Looking a very good prospect.
100p target is looking increasingly likely on good news from Cladhan or improved oip from Catcher expect a big spike if you get news from both.
Big profits will go to this company on any sale of Catcher/Cladhan thus increasing the sp substantially
Nautical have recently had a placing which had no effect on the sp quite the reverse. You’ll note that their sp is also slowly creeping up. News from the Kracken spud has had an effect here in the city. Brokers are rating Nautical as a buy. Stake building is in effect here. This will certainly move the sp upwards. The clock is ticking on Kracken,Catcher,Mariner; not to mention Nauticals’ other assets. Also debt free. A 200p target once again is looking way under value. 300p is much more likely given the time frame/schedule for news.
Catcher alone is rumoured to be bigger than recent estimates.
My take on it all is to issue a word of caution to investors chomping at the bit and frothing at the mouth. Always do your own research and if possible seek professional advice on your investments.
PS. Hold for news.