I don't think 25p is too optimistic, just looked what happened on the least drill campaign 40's. Few more shares in issue now so I don't think we'll see the 40's on momentum alone, but certainly I can see 20's. TRP currently on huge market cap on similar drill excitement, and little assetts.....
Morning - I have RMP in a Barclays Stockbrokers ISA ( £11k 's worth ) so that's tax free on gains. Some I have in a SIPP also with Barclays, maybe you could open an ISA before these lift off past 25p :-) and upwards!
Yeah looking good here and pi's are building a stake for any sort of news. trp is a good example of how these companies multi bag fast. off topic on bpc i personally feel the risk is very high for a company capped at £30million.....£20 million and i would be in.
In the presentation KH begins by saying he ''still likes Somalia'' and finishes by saying he's never been more optimistic of getting back to work there '' hopefully within the next 6 months''
Also worth noting ...
''Have committed to second exploration phase which will require the drilling of one well in each block to hold licences to October 2015''
''Plan is to acquire additional seismic in Dharoor block and to pursue drilling projects in Nugaal block''
''In discussions with potential partners to fund above work program''
KH goes on to praise the new President whose government is...'' Still strongly supporting Horn's rights under our existing Dharoor and Nugaal Production Sharing Contracts''.
''All parties expressing interest to find political solutions to allow oil and gas exploration and development to re-commence with mutual agreed terms''
So the bottom line for me is that Puntland needs oil and the wealth it will bring ....every day that goes by is potentially another days lost revenue....hopefully some of this new found wealth will find it's way to improve the lot of it's desperately needy people.
As far as RMP is concerned we await news from Georgia but my focus is on Puntland and how things pan out there....if Keith Hill is right and Horn get back into Puntland during the next six months the current 3p RMP purchase price is a bargain...and will multiply many times on the run up and during any drilling program.
RMP is a good 'vehicle' to raise money because of the relatively small number of shares in issue.....so very useful to have on board for a drilling programme.
Obviously it's 3p today and not 33p or 133p because there's still much work to do,,,the risks are there in the price at the moment......for me the risks are worth taking and Keith Hill's presentation has gone a long way to help allay concerns I have had and ones I naturally still have of course.
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