have an idea what it would cost the HH group to drill a well? if its going to 10,000ft thats going to cost a bit! we are drilling between 2000ft - 3000ft and producing anywhere between 150 - 1000 bopd depending where we strike the field. We are getting money in the bank now.
With a revised CPR and a fully funded drill campaign just about to be started. you start to see how cheap LGO are.
Without knowing the economics of the HH wells its hard to put a value on those companies at present. It may prove hard to extract oil from HH and get decent flow rates. I do hope HH is a sucess as it could turn out to be an excellent asset for the UK.
You are indeed correct, those who wait will be rewarded.
I am 32 now and holding around £5k of LGO in my ISA, my plan is to continue to add £200 a month (holiday saving) and then once a year sell around £1,000 and pay for a holiday - with the plan being that the money I put in will be a lot more than the money I take out :)
That was my plan originally though, and so far all I have done is buy buy buy (the holiday can go on the Barclaycard this year!
Lgo, Solo, Rem, Kibo to name a few that are on the move upwards of late, seems oil and mining are gaining favour with new Isa season. Pf looking promising again. Are recent profits finding a new home I wonder. Finally got my Lgo holding covered with Isa wrapper for both me and the wifes holdings. Happy to hold now for the coming drill season to start. Happy Days, Just waiting for the fonz to drop the next Rns. Esox.
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