For the last few weeks I have been topping up on a regular basis and have now got my average to below 4p. I have been saying that this stock is still dealt with suspicion because of its checkered past, but at last there seems to be light at the end of the tunnel and the way I see it that it is now very undervalued. All I would ask is that the reports are decisive and not taken from previous ones. Cards on the table time. GLA
Looks like we may have "hammered out" the bottom on Tuesday. MACD and RSI starting to look more bullish. Can see some recovery from here. Hopefully on the back of some good news. Cant believe we dropped from 6p on worries about production/pressure slippage, back to the same level now with a confident rns and no rise back up. Its a long way back to 6p but i can see us hitting 5p resistance within 2 weeks. imo
I must admit you do feel like kicking some managers over this, but now with the better weather on its way!!! hopefully we can get all the wells on line, get the rest of the drills done, then get on with the next target, good thing is they do have some bloody good prospects to drill once this run of drilling is over.
bought in hear just over a year ago for over 9. at the time daily buys were large but there was never any movement,i had done research and on paper things looked good,until MMs started bringing price down,i held,bad mistake.
This is a company that in the last year has lifted 2P reserves by 26 per cent to 132 million barrels (118 million barrels on Licence 61 and the rest on Licence 67). Lineynoye may have proved difficult. But with the company still producing more and more from just 20 per cent of the reserve base, there is plenty of scope to deliver growth from the existing portfolio
News seems to be coming out in a positive manner, news is expected on 112 now and what the next drill will be
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