putting this on record as a whoops I did it again .. sold out of REM today at 1.44 and am now feeling it is a little premature so watch out for tomorrow when it hits 2p .. .. but on the other hand !!!!! all fun and MM games as is normal for AIM .. as for FRR still confused as to what's happening .. all speculation at the moment but that's why we are PIs and not hedge fund managers , now if only we knew one !!! .... evening all
That makes me feel better, I'm in those two as well and at similar prices, plus too many in GKP like yourself. TXO has been my worst so far, but got wide port olio and hope one comes really good. this is my one, i hope. its got good potential
You just gotta love aim, although as i learnt with GKP main market brings no change ( no positive anyway)
I've a few really good investments and then I've got GBP at 14p, arghhhhh and GKP at 1.40 ish. Only a grand in Gbp but a **** load more in GKP. Hindsight as yiu said earlier. Looking forward to developments here. Right been a long day. Catch yiu tomorrow. ATB
Lol, I'm in about 30% of my PF right now, with a .75 t20 (I know) due in a couple of weeks on top, It should be enough to reap some rewards if this goes where we seem to think it will. 30% is pretty brave for me after the last couple of years on aim. This last few months have been pretty much fantastic though , so far anyway !
Fortune favours the brave! It would be as if it was just on a whim! I've researched this and increased and increased over the last 5 years. We are in a better position now than at any time in that period. 42 billion cubic meters of gas, 18 billion barrels of oil, farm in partners( plural!!), black swans,NATO etc, etc, etc! Where is there to p*ss on our parade??? I just can't find it!! Username - nice re post! ATB
I really wouldn't go all in mate, that ain't a good idea, although saying that everytime I had that feeling of going all in I never did and every share I was going to do it on went up lots(for a time anyway) it's aim mate , u got to spread the risk, QFI at 8p (37 now) was 50p, that was my biggest regret not going ball deep, then again SXX at 29p thought about it, then it dropped to 7p not long after. Was going to go all in at .43 here too, and TCG at 11p. Hindsight, it's worth millions.
"Between a rock and a hard place is I believe where FRR are with regards to the MK gas upgrade news release.
It has really all come about from SN's over-enthusiasm during the recent ceremony with Ambassador Norland, when he divulged the 50% upgrade in gas reserves.
I believe this upgrade is purely based on internal estimates following gas production started in April this year.
However, FRR only have a license to develop and produce from that field based on the original estimate of 28 billion cubic metres, according to recent news reports.
This why I think they actually have suspended gas production from the MK field (sorry, SB, disagree with you on that one), solely because if they continued to produce gas, they would be in breach of their license provision and could face serious sanctions and fines from the Georgian Oil & Gas Ministry.
There are 2 possibilities why they have not produced an RNS to disclose this potentially 'price-sensitive' information (i.e. cessation of gas prod)
1. This is FRR - lack of communication and corporate governance is the norm.
2. The company are on the verge of producing an updated internal assessment of the gas upgrade so as to notify the GOGC and hopefully receive a new licence for the 42 million c.m gas. They have up to 30 days to do this. They probably feel that this can be done within this timeframe, and can then restart the gas production pending approval of the new licence. They obviously feel that a short period of temporary stoppage of gas production stoppage does not warrant an RNS, and are hopeful of getting this situation sorted out quickly.
I believe the latter possibility is more likely, which does seem to fit in with all the reported news events of late. In their recent operation update, they also stated that an independent analysis/CPR of the MK gas field will take place 'later this year'. I don't believe an independent assessment will be done this month or they would have been more explicit. However, the GOGC may be happy with an interim internal estimate to approve the license, and that is what I am hoping will be confirmed within the next 2 weeks.
All in all, good news, and as SB says, we also have the Varang farm-out approval to look forward to and the Taribani work-over program updates, not to mention potential farm-out news with the Mirzaani field and Basin Edge Play, all due later this year.
And finally, of course, further updates on the migration habits of the cygnus atratus to follow very shortly!
I don't think so either. Why aren't there more piling in? I've been checking out penny share success stories and some if them have had phenomenal rises! Thousands of percent- gives me hope fir my dream here. Contemplating selling the other shares in my sage dealing ISA and going balls deep here. Just a nagging voice in my ear warning me not too- just happens it's coming from my mate who is a stock broker! Lol.
Lol Been here before with GKP, different beast I know. But aim exploration oillies have a habit of finding whatever it is that supresses the SP. If something seems too good to be true it generally is. Were looking at the positives and again I'm as positive as anyone but there are negatives here too and it's only prudent tk consider them. Just not sure what they are!! With the exception of a board that don't want to tell us anything!
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