Joe, yes I'm Stefano who has asked a few questions during the latest calls. Thanks for the compliments, but I still have to reduce posting as often by getting too involved one looses perspective of their believes and strategy and complicates simple matters.
glorious goodwood great 5 days of racing looks a cracking race card tomorrow as well maybe mister universe in the 255 can come good if not carrying to much weight as always dyor before gambling in the other casino that is horse racing
Keep posting. Your posts are thoughtful and informative, you work in the industry, I am far removed, so am interested in what you and many others have to say.( I think it was you that I have heard on the Conference calls?) the nearest I come to knowing about shares is self teaching on you tube, lots of reading, an A Level in economics and a passion for Sound oil. I have other shares, but they don't come close. Good luck everyone, I believe the next year stands a good chance of being momentous for many of us! Joe.
You know what Joe creed, I also posted too much lately and will now go back to my previous strategy of holding my shares and sit back and relax in the conviction that 2015 and 2016 will be transformational even if there will be some volatility in the process, which I will not try to trade. Good luck to the long term holders, the traders and the ones who sell out and take profits on the way up.
I saw your post asking where I was and was I being unfaithful. Just a little infidelity I'm afraid, but not much. I have been avidly reading every post here as usual, but the other day I noticed how many posts I have made and suddenly realised.. I post far too much... Also had a lot of other stuff going on which is even more important than my shares! So have decided on taking a little break. I am now also on holiday for a week but will keep watching as this is a very exciting time. There is so much going on ATM with conference calls, rns etc that there is so much to take in and think about. By nature I am a reflector, and that is what I'm currently doing. Watching events and reflecting. With so many possibilities it is hard to know what is going to happen. But one thing that puzzles me, and has led me to make another post, is this business about announcing Nervesa2 results after the closing date for the open offer, so 8th of June. I just don't see it. I think this was drafted before we were ahead of schedule, but other things puzzle me. Will all the news be held off until then, ie Morocco deal? Because I thought that price sensitive info such as this had to be declared once known.minknow it isn't tricky situation,me cause many could wait on the result, but surely it is the same for any result. If Tendrar comes good, this will be small fry anyway. I just can't see them sitting on news like this. By the way, I am very relaxed about Nervesa2 being positive. I expect News on Tendrara next week, swiftly followed by a revised drilling plan, swiftly followed by Nervesa2 results. But at the moment I am just expecting the unexpected.
Shareinvestment. I hear what you are saying, but without talking my book (!!) I feel the approx 15% correction we have had from the 25-26p level has taken a lot of the froth out of the mkt. I can't see it being a case of 'buy the rumour sell the fact' on a good N2 result, I just can't. You then have the prospect of a number delivering gas fields, admittedly some smaller than others, within 12 months. A portfolio of very interesting high upside Italian licenses, two of which I think have farm out talks on going, the Tendrara etc. I know AIM is an odd place, and often shares don't react as expected upon good news, but I really can't see a good N2 result pushing SOU down. Might be wrong but we'll see. I could be hat eating by this time next week! Off on hols for a week, will sneak a cheeky look at the sp no doubt, but GLA and all digits crossed for potentially two very important RNSs next week. Bring it on JP...
So - totting everything up I come to this conclusion: I thought there would be upward movement two days after the 'Placement' RNS - there wasn't. I thought once the shares were registered (supposedly today) we would bounce back: we haven't. Fortunately I didn't place my big trade; but anyway I wouldn't unless the buys were coming in - they weren't! Tuesday could be very interesting.It's probably just a day or so before we get N2 news - but it could even be THE day. Having been here all these years I'm just ecstatic we are where we are - & where we are is hydrocarbon heaven!
...maybe HL are not as bad as you thought. Open offer aside, we know that Nervesa 1 will generate EUR 4mio in revenues for sure from later this year and that will help for sure our P& L. With respect to Nervesa 2 we will find out in June and that's not far away. Will be interesting to see what the price will do when the news is out,; I think a few people have taken a bit of cah off the table already and will use any short term correction to buy more and others will probably sell a bit in the event of good news.....one way or another it's going to be an interesting June.
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