Apologies a short late post after a busy but enjoyable day watching the Ryder Cup and Football :) Wow a lot of posts since I last looked in late Thurs evening!! I was out all day on Friday on the lashmena so missed the action - Yep a small drop in SP as we all thought it may do :( I see an old friend has returned to this bb with avengance, Dougal - hello Dougal if you are still sat there at your end of the tinternet? I must say I loved Coggy's post earlier this evening telling him (Dougal) where to get off - absolutely brilliant :) I could add to Coggy's comments but won't having enjoyed a couple of cold ones this evening but would like to say I side with Coggy - nuf said ;) I personally could not give a fat rats if the SP drops next week because as sure as eggs are eggs it will rise substantially once the farm in/out paperwork is complete and same same for the CPR :)) Ok must wander off to bed and catch everyone tomorrow - night to all and that includes you too Dougal and do yourself a favour mate - behave yourself ;) VW :)
My sentiments exactly - nearly five years in the share and have progressively increased my holding based on mine and others research. Certainly not wearing tinted glasses, and I genuinely believe we are really making progress. And a big thanks to Bugsy and a few others for research efforts that have exceeded anything I have seen elsewhere.
It's quite simple really, If you believe in the share come onboard, If you dont, then invest elsewhere.. I researched the ass off this share, Followed it for a while, Invested money in it, and exercised extreme patience... I'm currently 102% up.. I may be a whole lot less than that come Monday but I'll take it on the chin and stay patient.. I believe the best is yet to come.. And this is only after 1 cognac :-)
Confidence high (still) despite the counter views.
Firmly believe we are entering a sequence of positives, and if I can I will buy a few more Monday AM
Positioned properly I could even see a capital call as a very big positive - but not at all convinced it will be required. These guys keep cards close to chest and I wouldn't be surprised ..............to be surprised. My bet is interims on Monday AM !
the ramping up of oil production with the Varang campaign.
I had an email reply from Liz some months ago. I'd asked the question whether will we continue to rail freight oil to Batumi for the foreseeable and her reply was, when production ramps up we will look at other options. This has continued to intrigue me.....
In my view, the Varang campaign may well have begun. The fraccing equipment for our campaign on Mirzaani and Taribani fields which began in May will have been redeployed for Phase 1 Varang. I wouldn't be surprised if there are a number of very positive surprises in the ops update to accompany the interims including a ramp up in oil production.
My personal strategy is long term here so I'm not too bothered because this will multi bag at some point sooner rather than later, but I feel that the posture of the business has fundamentally changed from explorer to producer and the value realisation has begun and will continue from here in a big way.
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