As previously stated the payment would ordinarily have generated a spike in the SP, but combined with the fact that it was late and there is an update tomorrow then shrewd investors will be keeping their powder dry... Predictions ?? All boils down to what they have to tell us tomorrow..... I would be interested with input on what they can possibly tell us that will give the SP a spike...."promises" of regular payments won't do the trick as until it actually happens no-one will be convinced enough to invest on that basis alone... Any ideas anyone ?
Genel is always pulled down on payments news then bounces back once enough suckers have sold out and the manipulators have hoovered up their shares. Rinse and repeat. Ignore the noise and hold through is the way to play this one, it has to re-rate at some stage imo.
Well if we keeping it real who's not disappointed with today so far ? We had alot of hype again over the weekend An predictions of 40p one way (still a small chance but highly unlikely ) an £1.00 an £1.20( highly unlikely ) other shares have a lucky mascot that's were we going wrong me thinks ! Think we will just stay over 80p but not sure which way tomorrow will go !
The companies and the regional authorities have now agreed on a new monthly payment schedule, said two people familiar with the matter, who asked not to be identified because the information isn’t public.
This is undoubtedly good news for us long suffering P.I.'s. The big boys will however be unimpressed because as already has been pointed out, the payment is very late. If a regular pattern of upto date payments is established over perhaps 6 months or so we will enjoy a return to the share price recovery seen in the first half of last year. A new guaranteed payments system is really required but I cannot see it happening yet. I think tomorrow's Trading Report will be cautiously optimistic but with significant caveats. Patience and hope is required by all who, like myself, ignored stop loss limits and find themselves marooned in misery.
Hi workover Thanks for the clarification re open hole. Another question if i may? For a hypothetical well that is producing 5000 bopd as an open hole, how much might it produce when works are complete? Would it be 5000 bopd, or perhaps a certain percentage more? Hypothetically of course.
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