Hi, Just wondering if anyone is holding these? ive been holding sice mid 20p. They are currently sitting around the late 70's early 80's.
They are an exploration company based in Kurdistan in Iraq and they are sitting billions of barrels of oil from 1 well with more to drill. This share has been as high as £1.30 in october last yr, and i believe the only thing that has been keeping it down is the uncertainty around the Iraq government and the funds to continue, however loads of news is due soon and i believe this will rocket up over a quid once again.
A rns Was released today stating how they have received funding which will enable them to drill the remaining wells by completing a fully subscribed placing of new shares worth 114.2million.
I really think that it is only a matter of time until this takes off again. As always DYOR.
Regards Mark
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