sence2 you are right, none of us can see the future,but we can all see the past. does history give us a good indicator what the future may hold? well in most cases i would say yes.history shows us that,(lol) the trouble we have here is can we believe what we are told could happen in the future, will happen.? well history tells us no but people will still say it will happen this time. well this time last year we were all told a lot of things were going to happen by year end or just after, no 12 scuffs, no power.plant hooked up, no grimm money in 90days. no foundry, still waiting for dangote to connect,no where near pipe line laid we were told to expect.we have had some progress,river crossing and gensets with a few extra customers connected. none of which has really boosted the sp.so we are now waiting for i scuff from river crossing and 0.5 scuff from dangote. we know these will be coming soon. then we have grimms money, well who knows what we will get from him and when.could be we get it tomorrow or next year.then the big power contract,end of year next year,again we do not know. one thing is clear, the sp will be now where near 2p or 80p by year end, that is for sure. but as sence says, there are many contrary arguments. good luck
Dave, I spent 28 years offshore North Sea and have been involved in pressure testing countless sections of pipework, both utility and hydrocarbon and when they state hydraulic, they mean water. When pressure testing hydrocarbon pipework, certain standards have to be followed. I'm not sure what the standards in Cameroon are, but I get the impression VOG will be following best practice, and that will include hydraulically testing the pipe. There are a number of methods for dewatering the pipe after testing. Probably the most common is called pigging, where a tight fitting insert is placed in the pipe and then pushed along by pressuring behind it with air or nitrogen. That clears the bulk of water from the pipe. It's then blown dry using air or nitrogen. The final blow, offshore, would be nitrogen to leave the pipe inert. It's the final drying that can take the time.
bigeasy well one of the ducks have been shot down. no rise in sp. the next one is in sight, connections,should add to sp but i'm not sure any more. it just that foo keep saying the sp after consolidation should be betwen 40-60p ? so he is of the opinion that the sp will fall over the next 2-3 weeks? even with all these duck in a row? 40p =1p 60p = 1.5p he is not exactly filling people with confidence is he. yes the next three months could be the turning point here. but so were the three months before that and the three months before that. i think the consolidation will move the sp down only for some of those ducks to come through to put us back to where we are now, around 1.4p.or 50p. its pity full really, four years ago i paid 3.65p when they just had the wells. where did it all go wrong? good luck
Choices hold or sell can be based on consideration for where the sp is going after consolidation and the stratagy employed. Do you sell now take a p or l and buy in after consolidation expecting to gain by a falling sp or gain by a rising one.? Research the answer and take little or no notice of what is blogged;
One thing is certain the type of share holder interest will change to no more penny share buyers interest unless the price gets to below 10p. The change of buyer portfolio interest will depend on the publicity via brokers etc.,they will avoid mention of the Bods error track record with the probable exception of the dilutive history.
One opinion possibly;~The BOD will have carefully chosen the time for consolidation to coincide with the best news output possible which may mean bod worries over the sp level so bod will do best their to boost and maintain sp after consolidation. if thats true thinking forward why the concern over the sp level~can only be later dilution to strengthen finance. Many contrary arguments .
The RNS stated that hydraulic and pneumatic pressure tests were successful. That means that the pipe under the river will have been full of water and getting rid of water from a pipe with the lowest point half way across the river is no easy feat. I'm assuming the pipe needs to completely water free before they introduce gas. So it could be several days before they even begin the hook ups.
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