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It looks as though New Age is running a very tight ship, with no pointers one way or the other so your strategy is as good as any.
that may be the case but the news of the result will filter out they always do so volume may pick up as they get towards the end of the first well assuming its a good result
dougal66
I would be very surprised and disappointed if we didn't get the results of IM-6 before spudding IM-7.
nice update, August should prove to be interesting
According to the coordinates I took at the time of the spud, yes she is still above IM-6 I did notice a slight change of position about 7-10 days into the drill but I don't think AIS is that accurate enough to draw any conclusions.
The activity out there at the moment seems normal with 2 offshore supply vessels and a-another in attendance.
The high-speed offshore supply vessel Seacor Cheetah has just arrived on the scene which appears to be providing a daily service to the rig and the other offshore vessels.
We are now 65 days into the drill so things should become interesting in the not to distant future. GLA.
And how do you know this?
out there with instructions to sweep up any shares provided to keep the offer below 40p!!
There does seem to be a pattern emerging, there allowing the SP S to drift down during the day and then buying it back up into the close. Someone is accumulating.
Two ways of looking at today inactivity, if your glass is half empty you could say another boring day if your glass is half full you could say we are another day closer to a fantastic announcement and untold riches.
We can but dream. GLA.
its been pretty poor tbh
wouldnt say many shares are changing hand 300k yesterday is cog all really; however are blvn allowed to see these shares back to the market?? if they are selling for more than what the sold then seems good sense to me ???
why do you think they are selling them back??
The volume seems very unusual for a Company who is 2/3rds the way into a 2 prospect drill with so little volume.
Is it because the majority of the shares are in the hands of the IIs and they are happy with their holdings or just a lack of interest in a company who is often described as having world-class assets?.
MMs really don't cap prices, there's just no volume here to move it. It would only take a small but sustained amount of buying to move the price here, but nobody seems to want in.
It's odd that there is such a lack of interest in BLVN but it is what it is.
there is no volume, price cant go anywhere without buying and selling can it!!
Cannot work out why the MM want to cap us at 40p...
Late run of buys into the close, could whispers be developing.
Late run of buys into the close, could whispers be developing.
New high..
steady on lol
yep august should be interesting... maybe we'll even get above 40p!!! lol
find so expect some action as we approach the 90 - 100 days of drilling
actually the answer is on page 11 of the latest presentation - IM7 is only appraising the shallowest target so I assume is a much easier/quicker drill
http://www.bowleven.com/system/files/uploads/financialdocs/investor-presentation-2018_0.pdf
@dougal - rig is hired for 150 days for the two wells. IM6 is expected to take 100 days in total (although I'm not sure how exactly they then expect to move the rig and drill IM7 in 50 days...)
Indeed it is and drilling an appraisal well with a free càrry which makes it even more bizarre. AIM is a casino as we all know but it is possible to make good returns but one needs a heck of a lot of patience and be prepared to go many months with minimal information and to endure people who want to save you from yourself. So if you are still here you can deal with these brickbats and one day we may even make some money here!