I finally jumped in and bought some today. Seems like a great buy right now. I expect these to rise nicely just with anticipation of the drill result. What kind of price (approx.) do people think this can achieve with successful drill results? Anyway, happy to get in now at this price and when the spread is not at a crazy level
Least you have a realistic entry price. These are a bargain currently. The oil prices worked out in our favor at the end of the day.
No not invested here at present, but watching with a great deal of interest Rmp. Remember the heady days of a few years ago, so very much aware of hype surrounding these bb. Got out relatively well lost money, but not life changing amount! Waiting for an entry point around 2p, hopefully. Oilies have lost people a lot money in recent years, so a lot of caution from investors, and the present price of oil doesn't help confidence! All those invested here I wish them well, my earlier post stated the obvious, but it pays to keep in perspective the risk involved.
I take it from that comment then you are not invested here?
Little negative belle? Most drills are well under 50% CoS. 32% is actually very high!
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