It's possible but the chances of a successful NUR1 drill must be in the 5-10% region at best (30% geological change of success and then there's the 'minor' issues of getting a license extension, getting funding, re-entering the well, sucessfully completing the drill, finding oil, proving comerciality of the find etc etc).
I don't know if it's been done but it'd be interesting to research the chances of making money by investing on small AIM oilies. I reckon it's really just chance whether or not your selected companies make or lose money. Most seem to lose money and it's blink luck whether or not you happen to be invested in one that strikes it lucky. Might as well just put money on the roulette wheel...
I see you were right about SOLO ( eventually ) so maybe MXP although this is a much much much longer shot now. Bet you wish all your MXP cash was in there instead of here now, but as they say , hindsight and all that eh. Anyway GL , we'll need a shed load here I'm afraid.
Alright mate, no I'm done with the stock market...I took my chances here and it's cost me nearly £10k so far. It was a do-or-die move really. I wasn't interested in investing in blue-chip stocks and making a few % a year. To be honest given the amount of research time involved in making money on the stock market and the small returns for most investors, I'd be better off doing some overtime at work or getting a weekend job.
I acknowledge it's possible to make money on AIM but my experience tells me it's more luck than anything, e.g. people who got in and out of companies such as RKH, GKP and RXP in time. In at the bottom, news of a big strike, out after the rise. Too many small oilies never make it though so most of us are left holding the s**t end of the oily stick.
I think he is a genuine holder of Max, seem to remember him saying he'd been averaging down for quote a long time, following the falling knife, and had about £30k invested here. Think that's why he refused to see the writing on the wall for so long. Once you've got so much invested you have to deny how bad things are if you're going to be able to get out of bed in the morning!
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