I wont be selling my 108,000 shares for a very long time I wont state how long because I don't want a load of abuse. One thing I have learned over the years is never sell on fear and falling markets. Saudi will pull back production soon 1, because they cant afford to maintain the current price 2, because they cant keep production that high for a long stint of time the days of Saudi kings is coming to its close! 3, the world is creeping more and more into all sort of conflict and nothing drives oil more than a little conflict
Someone had a fantastic post not long ago about the RKH production levels 4 years from now this will be a £1 billion+ market cap company with huge reserves and strong production with a bigger partner to help keep costs as low as possible. The added reserves that could be added in the next 4-8 months could add another £1 a share with ease. I looked back and every time the Falklands has been drilled it causes masses of buying so short or long term buyers wont be unhappy here.
I also looked at the AIM oil producers and not one company has this level of production foretasted other than GKP and AFR now both of there are operating in risky environment with dodgy governments. to boot they are both heading into large scale debt! It does not take a rocket scientist to know that RKH will either be £5 by 2017/18 or gone and taken out for £2/3 a share minimum!
I 100% agree with the long term guys here I have just bought 88,000 I think I want another 20,000 now LETS GO FOR IT 2016 this will be back at £3/4 and the oil market will be in BOOM time, If people think oil will stay at £80 for any long period of time there mad! Oil will be at all time highs before this hits production and I wont be surprised if this is closer to £5 before the start up of production. So if you can afford to invest for a future return I am all the way with the long term boys and girls on this one. Good luck to all
88,000 shares at 70.75 I WILL PUT MY MONEY IN NOW! BLOOD ON THE STREET ....... you will be amazed just how good that advice has served me in the past RKH are now at cash value and the asset is for FREE Yes I know that there is some cash burn to come but not that much in all honesty and the 2015 campaign could add £1+ on the SP the market always likes to buy prior to the build up so fully expect to see this back at 90p by Christmas time Very happy to have a 70p average
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