had minimal impact on a sustained recovery. Even with my hedged view I thought that maybe a slither of hope that this year isnt a total wet blanket like 2013. I wonder if Joel has his next speech prepared for market as some serious questions will be thrown his direction after his Sept 13 dross
Links - ref your comment from the II BB - Quote: "the reason for a new well is because when uos fraced the lower sections the fracs damaged the vertical well at that level..a new well on the same pad would be done ..they will be targeting the lower section as sle believe this will hold more gas than the higher section..they also believe that the frac will open up both lower and higher sections"
- only now we are told a new well is required as the last frac damaged the original wells lower sections - so it's back to square one and more money is it any wonder "things "seem to have ground to a halt - then someone mentions another reason to drill a new well in order to further define the exploration area - then we hear the new well will combine the upper and lower levels ( I mentioned already in one of my previous comments that the lower level is reported to hold more gas and has increased porosity - exactly where BNK have their lateral) - didn't SLE/UOS even get that right..
It would seem our only hope is for BNK and 3Legs to be successful and for SLE to get a major as a JV partner to continue with what they seem to be unwilling or unable to afford at this time?
frus, I don't mean to be rude .... but stop being so soft mate...... I still have great faith in SLE which is why it’s still my largest holding by far... am I am very confident still that this will in time be massive and that the people buying in at this level and above WILL be made very wealthy people in time... just because I have not been posting here as much has nothing to do with my lack of faith, but until SLE, BNK, 3LEGS etc etc come out with some news there really is not much to say,....... as for GCM, mate I have been invested in there for as long as I can remember and been buying and building up my holding for exactly what is happening at this moment in time....the news there is MASSIVE for GCM at the moment... it was in 2006 when the sp rose to 900p ... yes 900p on the news that open pit mining may be given the go ahead at Phulbari before the tragic shooting that then prevented the go ahead and the share price collapse as the government then said that they would not progress forward with the mining... of course that's the simple view, it’s obviously a lot more complicated and political than that,…………. BUT now if you read the recent news the government of Bangladesh have once again been saying that they are looking at allowing open pit mining… mate this is not a ramp in any way because if the green light is not given then GCM is worthless although it still will hold the licence… BUT last week the minister for energy came out and said that they are looking at starting open pit mining at Bara in 3 months, hence the 100% rise in share price last week, and now IF this is followed by a statement form Hasaina coming out and saying the same then the GCM share price WILL be up by pounds on the open of trading you will not stand a chance of buying,…. As I say that’s not a ramp because obviously she could come out and say that she is not going to do open pit mining as she has before, and then we will be down to 15/16p again… BUT this time just feels different…let’s see what happens, but I hope that you now understand why I am so excited about GCM and the fact that it has nothing to do with my lack of faith in SLE.. GL
Must confess I did read the DD post on iii but I did say that posts on iii were questioning xrated. He didn't mention Adoubleuk and his jeep though did he.....Links what we gonna do when your a multi millionaire and I'm a quarter millionaire...Drinks must be on you?
Earlier today while checking on something I could'nt help but notice a change in the ratio of your postings in your 14 Co: portfolio.....What's that got to do with you I hear you say....On the face of it nothing but in another way it has. When I first invested here I was green as grass(Still am to some extent) never done anything like this before, I looked to your experience and faith in SLE as a guide, still do even though I might not be quite as green as I used to be. When people see your 35K + posts they may think, as I did that they are all relevant to SLE rather than spread right across your entire portfolio. My point is this, as far as I know your SLE posts always by far outnumbered the combined remainder, thus showing to me your continued faith in SLE. However in the last 30 days things seem to have changed, in that your 13 Co: combined, easily out number SLE. GCM on its own is closing fast, does this mean you are giving yourself more backup because you no longer have the same faith in SLE......Obviously if you feel you would prefer not to reply no prob: nhf atb frus.
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