I know how you feel. Nothing going to happen here till next year. So I have decided to do the same and sold here to invest the proceeds in Sound Energy and i am so glad i did as i am in profit after only a week and with more to go. i will buy back into RKH later in the year with some of my SOU profits
POO going south. No news on anything. Maybe a mistake but had to sell up and invest elsewhere for quicker return ........... wish you all luck with The Rock as when it blows it's gonna be amazing I'm sure !!
Rig count news was a lot lower then expected today which is good news. Bought another tranch of shares here today as i see 30p as good potential. To think i bought into falklands oil and gas at 37p who had no oil at the time when the rig was on the way to drill the first well and when you look at rkh sitting here at 30p with a good share of a potential 1billion barrels of oil and millions in the bank just shows how undervalued this looks here.
Thanks for your words of good info eegbvi. I have been here for more than 6 years having made a bit of profit when I sold some at £3.61 in 2010 but more recently I have topped up, well over last 2 years, and will wait until they go up again.
Fwiw I don"t see any action here until Oct when FIG issues its new blocks and then probably again in Q2 2017.re drilling so you have fime to shop elsewhere for action and then come back to RKH.if that's what you want.
I've been in here for 5 years feels like 55 years and I won't be selling, not worth it now, I only hold @ 30000 shares now sold some years ago, it's frustration nothing to do with the kitchen ! Of course all oil companies are struggling my other oily bpc( which I hold a large amount) is the same, look at gkp, xel, char there all pish at the moment
I have learnt a lot from you buddy and that is keep a cool head and don't flap over all this oil price manipulation. We have got to look at the bigger picture and bide our time. I was talking to a chap the other day who bought rkh shares years ago around current price just before they rose to £4.50 he never sold them even though they were worth thousands more. I asked why he never took the profit and he said he was holding out for 10pound a share as people were so confident at the time that rkh were going to reach that price. His now back holding at the same price as we are now and like us his prepared to wait for a second chance. Eegbvi's worth listening to, you should only start worrying if you hear him panicking.The man is ice cool with nerves of steel. keep the faith folks
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