The whole £10k wasn't in March 2012.....averaged down throughout 2012 when it hit the fan and a few more trades late 2014......I can't see us having the frenzy that occurred prior to the 2012 Puntland drill result. So many people got hury, myself included. There will be some who wern't in the stock then and will have only experienced a nice 90% rise in their investment over the last 6 months. I don't care for a frenzy prior to the result....I just care that we actually find a decent show of oil.
The Phillipines drill aside, I thought Red Emperor were out of Puntland entirely and that we had written the whole debacle off. Government licence issues and instability due to Al-Shabaab rebels?
Do we know when to expect the drill results? I need 11p to break even on my £10k invested all the way back in March 2012. Been very patiently waiting for a turnaround. 93k shares. It's been painful to say the least.
Let's hope so mate. I've always believed in the potential of this company we just need some positive vibes from the board. PR here for a drill with a 32 percent cos is far too quiet!! Why are we not suing Rrl in relation to Georgia especially as they are no trading again with finances!! And then we still have the little target of Puntland :-) so much potential let's hope this summer is the summer that changes a few people's lives forever.
It is highly likely this month will see confirmation of approval of farm-in by DOE, announcement of a spud date and mobilisation of rig and even possibly some positive news on Georgia. Any one of these will likely send the share price rapidly up. This all goes to plan and we are in for a very exciting phase in the companies history.
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