The interesting point about two wells in 2015 is that they don't necessarily have to be in the same valley either. Imagine if we end up with a further shot in Dahroor and one in Nugaal too. That would be exciting
We could well follow a similar pattern to 2012. We have approx 20% more shares in issue so discounting them, we could rise a few pence on a Georgia sale then rally into the 20s towards the end of the year prior to Puntland drilling. If Horn secure a decent farm out partner, that will give us some idea what the market values our 20% at. I'm not going to chase this but top up when the opportunity presents itself. You should get a great return on your recent large purchase just on anticipation of drilling in Puntland. I'm at an average if about 10p here so will look to reduce that a bit and then sell half when I've made 100% gain and let the other half free carry.
If it took Soma just under 4 months to gather 20,500 km lines of 2D seismic data it is not going to be that long to do additional 2D seismics in Dharoor once this process finally gets going. So an additional drill is certainly possible early part of 2015. Anyone else notice Horn directors have recently been issued with more share options. Should be an interesting 6 months.
Good find and any publicity will get those taking a position here that want the huge upside that Puntland could deliver. Sir Bob, thanks, I was only pointing out that RMP won't rise in line with RRL as funding was what moved RRL. Our time will come here but people just ramping for their own agenda quoting misleading info is frustrating. Those quoting fact, speculation or backed up rumour is different IMO. In in here and RRL and have averaged down in each as I think we will see a rally in both of them, partly for the same reasons, Georgia sale and Puntland drill.
Wow, was it that early!, indeed I think same could apply here, AIM is all about hype!. I'm actually in GBP directly related to TRP results, although not overly optmistic on an oil strike there, results are imminant....
I don't know but i would say they have had a farmout for ages but it was pending political process and the thumbs up for nugaal. ( only my opinion). It don't take long once a rig contract is signed. they confirmed in a recent rns that site visits have been made to check security for drill action. they are obviously happy with the outcome?
Nice Link Oily and just what I was on about last week, thats what these bulletin boards are for, rather than endless morans just ramping with no substance and then having a go at those who paly devils advocate, I see someone told SMTMH to jog on this week just because he posted something they didnt like...who do these poeple think they are!!!
Most interesting to me on this link is it says to HAVE drilled two wells BY 2015....surely they must almost have secured a farm in partner already to give such a short term target, as to do the seismics as well surely this work commencement must be imminant?
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