Hi. i don't blame u mate - you are in a very good position to turn a poor position here into a very attractive one. Puntland will happen again but it could be 12 months, 24 months from here. im not ruling out 2 nugaal drills next year but very unlikely with the political situation. rxp has had significant rises and a good oil discovery, just be mindful that the flow rates are important and could se a further rise or a crash in sp
As I've said I'll be averaging down here depending in how rxp goes could be buying between 1.5/2 mil of these as the hype will return to rmp it's just a matter of time ... For now I'm sticking with rxp for the results which will be out soon .... People say the market is gambling I look at it as investment in something you have spent time to research and believe will come good In the long term! I made 4 k from a spike with afe a few months back and had a pure punt on tangiers loom where that got me! Anyway I'll be here to join when the time is right and if rxp goes tits up I'll still be adding 6k a month here to average down ... Any time news can come out with regards to Georgia sale or progress in puntland I may miss that but I'm still holding already a mil shares here @ 9p average! Where's that sick bucket?
Not sure if this was directed at my post earlier but i have done more than a little research, that's why i am invested there. However i have a greater weighting in LGO - why? Because 3 years ago RMP was a "no brainer".
I'm sure people can make up there on minds and i suspect those - like myself - who were burnt here but are looking to go elsewhere will approach any exploration O&G opportunity with caution. TRP and TPET are recent companies to be causing more than a few PIs to be reaching for the sick bucket.
oilriches is looking for a 12 month investment - i hope RXP is one of the best performers ever to grace AIM - but i sleep easier at night with with 80/20 split in favour of LGO. Best of both worlds i think.
oilriches GL in wherever you decide to put your cash!
Rmp will be holding an agm in November - maybe an opportunity for us to make our votes count. Also the annual accounts will be out late September. im sure it will be the same cut and paste and Georgia deal is close
If you can be bothered to do a little research you'll find that this is a no brainer and will multi bag in the next couple of weeks. 25miles away from the 6th biggest onshore oil field in the world. Nuff said!!
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