I'm holding all the way for results and beyond...Repsol has the highest industry success average, and the stunning seismic data for WW1 with it's multi-billion barrel potential with officially a very high Chance of Success, all endorsed by Repsol's cutting edge seismic technology is a rare opportunity not to be missed..GL ;-)
UPDATE 1-Repsol reports above-average drilling success in 2013
"The company has devoted significant resources to this business in the past few years in which, thanks to its exploratory success, the company has beat the industry average for reserve additions as well as significantly increasing output of hydrocarbons."
Repsol.....“Where in the world can you find undrilled four-way closures with billion barrel potential….?
"Repsol due diligence before commitment to 0010 was rigorous. Jeremy Asher appreciated the need for full and frank open disclosure. Repsol's endorsement is majorly encouraging.
Repsol: "Where else in the world could you find acreage surrounded by Four-way dip closures" (A structural feature seen on orthogonal seismic lines to dip away in all four possible directions, closure indicating that any hydrocarbons beneath a sealing stratum will be trapped in this feature.)
Repsol is the operator of this high profile well which it targeting a structure with an aerial closure of 1,100 sq km. The well will probe five reservoir targets with an amplitude anomaly in the Maastrichtian, which alone covers almost 500 sq km, bright enough to “light up the dark”, according to Tower's new exploration boss Nigel Quinton.
A deramp, but merely an observation. I'm invested in TRP (a little more than 3/4 of a million shares). The below link shows that failures as we all know can happen in this game. Lots of differences between this drill and ours but it serves to highlight and reinforce to me at least the need to keep your strategy fluid during the drill (and results phase). I spend a lot of time getting angry with myself as I don't sell high enough or buy low enough, but whatever your circumstances, a profit is a profit and if you make one, you should celebrate your success! GLA and DYOR.
Picking the right time to buy in is just impossible. That is why investors are getting in now. I just believe after spud there will be a few trading oppo's at sub 3.9p before the big push up nearer news. Largely guesswork but when the sp goes over 7-8p news may be imminent. If the sp goes higher, rampers will say, "Must be a leak".....this tends to work and a final spike up before news indicates an exit point for traders? It's a personal choice whether you sit tight or take some early profits. Many sell on this penultimate spike 'guessing' the news is nigh on due? It is possible we'll get a drilling update that may alter our exit strategies. But it can be assumed that most traders will NOT hang around to see if we get a duster? I am holding and will buy more on any dip below 4p which may come soon after spud during a quiet period. There should be daily mini spikes that the '5% yoyo boys' will use to their full advantage !
If they do hit and say further tests are being carried out it will be NT all day . You may be lucky with a high order price so you takes your choice . The patient ones in months ago are laughing as they will be on a free ride now . Good luck to them .
I'm excited even though I bought in at 6p being a bit late in my timing !! Only a modest stake which I can write off if all goes wrong but would still pay a lot of my mortgage off if it comes off big. This is the best olie punt for a long time even with the large share issue .. A small 2k punt could net 20k easily if this comes in . So well worth a go.
b careful with that tactic steve, when rockhopper hit their shareprice dropped right down scaring pis to sell before rocketing up same happened to caracal the other day shareprice dropped to 12 month low 1 hour later takeover confirmed at 60% premiun to shareprice ,just trying to help good luck
My game plan is look at the trades, if any big sells it a duster, if there are more buys were on to something.I'm in TRIN there was some heavy selling going on before the rns came out as a duster.Trades is the answer
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