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Evocutis has 29.2 million shares in Noricum Gold Limited Operations Update - Bolnisi Project in Georgia http://www.lse.co.uk/share-regulatory-news.asp?shareprice=NMG&ArticleCode=utwohggz&ArticleHeadline=Operations_Update__Bolnisi_Project_in_Georgia
EVO is really undervalued, 848 oil is very good, 2% of that goes to EVO. using a 40% decline rate and current oil prices the well is paid for in under a month should that 848 rate continue on a daily rate. Baring in mind this is just one small 1" hole with other testing still to be done. EVO is a clear takeover target, currently having a 1 million market cap is far too cheap for a well that can do those numbers and payback in such a short term. This stock could quite easily become a cash cow as things progress.
Today with a nice amount, horse hill is very promising
David Lenigas ‏@DavidLenigas 5m5 minutes ago Looks like I'm off to USA early next week now to see some big US oil chaps on the significance of HH and the Weald Basin. On my own behalf!
Sustained flow rate was massive given it was still on a 1" choke. Bring on the next set of tests. Hoping this gets the re rate it deserves.
Compared to UKOG etc. Just because smaller holdings in HH? Reckon this will re trace next few days. Seems it likes to be south of this.
Take your seats the show is just beginning (after the trailor was rudely interupted last week) . Maybe 2% is not huge but its got to be worth a couple of million just on the flow results to date. Sell move on but imo now is not the right time.
I disagree re stg and EVO. EVO has plenty of cash, tungsten investment and decent royalties payments coming in, plus HH and AlBA stake. At the moment valuation of this company barely covers the HH and ALBA holdings cost, the rest is thrown in for nothing. Re HH it has been said there will be no fracking and based on the two flow results fracking definitely wont be needed. The old term and methods of fracking are long gone so nothing for the environmental lot to complain about, even if they did understand the processes used.
Another update due Note that as a consequence of flow initialisation via rod pump, the initial natural flow rates stated above were further restricted by the rods within the 2 and 7/8-inch production tubing. The well was shut in at approximately 1830 hrs yesterday. The well was opened and free 'natural' oil flow recommenced at 2234 hrs yesterday. The well was flowed to obtain a further stabilised flow period and reservoir engineering data. A further update will be provided once this new data is available.
I almost completely agree with you, but I would correct you on the point that this is the MOST undervalued. Currently that accolade goes to STG if you ignore all other investments. That being said, just over £300k per % of HHDL is still an unbelievable bargain. Remember, this is one well, the area has now been proven and the potential is absolutely enormous. In a safe part of the world, free-flowing oil 40 degree API at 1,400 bopd. Absolutely massive potential. And then there is the future.... Fracking may not be popular with some of the population, but the technology is advancing every year with the potential for some significant breakthroughs. Just look at HNR if you don't believe me. The local planning authority would actually benefit financially from fracking as it is one of the few areas where they are allowed to keep 100% of the business rates - at a time when budgets are under pressure, there will be an incentive to push forward.
We are due a massive re rate here soon. At these low issue prices there should be big volumes of stock purchased today as EVO is easily the most undervalued company associated with HH. We have the direct stack plus our stack in Alba also. Interesting times
Look at trades it would seem that only 5.4m of shares were sold based on trade prices at the time, that means 29m were actually purchases thus slowly mopping up the placing. Let's hope a rise comes soon.
the unloved person
DL not happy with Bell who can blame him I'm sure we will take some more David Lenigas ‏@DavidLenigas 2h2 hours ago I'm going to suggest to Sanderson that he refuses Andrew Bell coming back in to Horse Hill. His uneducated comments are disgraceful.
Yeah, I've got a non insignificant part of my portfolio in DOR, but have the majority spread about now to try and mitigate it. I have fingers crossed for them, but EVO will make a big difference. It's been up at 1.6-ish recently, so from this point I believe we shall rise.
Good luck mate, let's hope we can recover our money here. I hope DOR just list on ISDX and put us all out of our misery
Interesting that the RNS was added to this page and yet the shares in issue and alterations to market cap have not been applied. Nice to see another long suffering DOR holder in here too.
Just bought in today awaiting the news from HH. I've been in DOR for a fair bit but with them suspended and potentially delisted I need to profit from these oil gains. Decent little share not a world beater but profit to be made. Good luck peeps
Anyone still here from the labskin days? I am so you can imagine I am a bit down here to say the least. I hope HH can make this come good as EVO is a black stain on my PF, Just topped up in Alba, already in profit in UKOG lets hope HH is as big as what we hope. Really hope SS beats the shorters and day traders. GL
could be next week
Well for us looks like it has bottomed - no more shares can be issued - news is expected this week. We can relax finally and enjoy the ride.
David Lenigas ‏@DavidLenigas 53m53 minutes ago Fingers crossed It will be a very oil rich week for me.
Alba placing ukog next
NEWS could be any time
ceo ...stg