NR : indicates Stella = Succes 2 meIain McKendrick, CEO, commented,
"We have made a good start to the current year with the drilling of the Stella appraisal well, from which test results are expected shortly"
You don't say this if you expect bad results.
Secondly you bury any bad news of Stella in your stellar end year report. Makes no sense to do that seperately. That's not a mistake Iain would make. This is the best outfit in the North Sea.
Thirdly, I think this provides an excellent reason for people to get in before the good Stella results. I would not be surprised my a major volume spike today. If Stella is a big success this suddenly becomes an easy Cad 4+ play. Enough room to step in big.
Thirdly & a half (old hobby horse I know), I would still not be surprised if Fyne operatorship would go to IAE. Surely AEN management now recognizes they are seriously crap at executing and have noticed IAE excells at that. If the deal includes a % farm in of surrounding acreage that's another Hub for IAE.
Man the future looks bright for this outfit.