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I don't think you understand the trades table PoC.
The MM's are ensuring that there is no profit in it for the traders - range bound and a large (quoted) spread. Even for the traders to make money the sp has to move and it just ain't moving.
So invoice payment, seismic commencement date and yet still no appreciable movement. What a surprise ;0)
I think you'll find a number of buys are shown as sells the last few days. Sells are below 0.7p. Can't be making much money.
no, not the short term traders, they want to make their money like yesterday, in out in out shake it all about. lol
Take it from me BG - if the Market was confident there is money to be made, it would be all over this share like a rash.
yes well, the market works in a mysterious way RoJo : )
Indeed, nobody has bought any shares since Oct 18.
Doesn't look like a share about to take off does it ?
Tanz me old mate - do you really think I'm remotely interested in 'tick-ups'?
Its easy to be ticked in any case - you just need to post what the majority want to read.
Well haggis, there's an awful lot more selling than buying.
Happy now?
"I doubt even the most useless statistician in the World would consider that "an awful lot of selling".
I would tend to agree with you Haggis, though there are many on here that would use (and have used) 2.5m of buys as more than enough justification to prophesy an imminent momentum shift on the BUY side....
You're used to losing Rojo and sure enough 3 nil. This share will always suffer from certainly Frank day trading and probably quite a few of his telegram crew. Let's see if it bounces back tomorrow and if it does, I'll guess you'll be lost for words.
Dream on mate.
You'll be telling me next that the SP dropped because there were too many buys.
RoJo,
2.5m traded today, the ASK was held high to make all trades look like sells when several were not if you go by the prices of trades either side of them (the 0.7+ vs the 0.668's). A staggering 17 trades in total.
AEX has 3.64 BILLION shares in issue, and 2.5m were traded today.
That is 0.06% of the issued stock traded today.
I doubt even the most useless statistician in the World would consider that "an awful lot of selling".
Not much that will move sp significantly in short term ...3d starting 3d results ...remediation of well i suspect can and will now begin just my thoughts and then there is the drill ...q3 next year ...if they are going get it drilled before the rains they will need to start it in september imo dyor
There's an awful lot of selling going on.
Are you sure you're not all getting a little over-excited ?
Weather for Mtwara area
https://www.metcheck.com/WEATHER/16days.asp?zipcode=Mtwara&locationID=54105&lat=-10.3&lon=40.2
"The acquisition will consist of approximately 338 km² of 3D seismic data focusing on the area of primary interest. AGS will mobilise, weather permitting, and focus on the proposed location for the Chikumbi-1 well ("CH-1") to acquire as much data as possible before the start of the rainy season with the programme re-commencing after that with no additional cost to the JV partners."
OCTOBER
October is typically the last month of the long dry season, and it is still relatively cool, clear and sunny. Daytime temperatures will be mild, and evenings and early mornings will be comfortably cool. Temperatures will increase slightly, ranging from the low 60s F to the mid- to upper 80s F.
NOVEMBER
The short rains begin in November. These are much lighter and less predictable than the long rains. We recommend being prepared with a lightweight, “breathable,” waterproof rain jacket, rain pants and an inexpensive rain poncho. When it is not raining, temperatures will be pleasant, ranging from lows in the mid-60s F to highs in the low 80s F. The best approach is to go with a comfortable base layer when the days are clear and warm and to add warm and/or waterproof layers as needed.
https://www.nathab.com/know-before-you-go/african-safaris/east-africa/weather-climate/tanzania/
"The acquisition will consist of approximately 338 km² of 3D seismic data focusing on the area of primary interest. AGS will mobilise, weather permitting, and focus on the proposed location for the Chikumbi-1 well ("CH-1") to acquire as much data as possible before the start of the rainy season with the programme re-commencing after that with no additional cost to the JV partners."
338km2 = 18.385km x 18.385km
18. 385km = 11.42 miles
11.42 miles = 60,297.6 feet
3D Seismic:
"Typical receiver line spacing can range from 300 m [1000 ft] to over 600 m [2000 ft], and typical distances between shotpoints and receiver groups is 25 m [82 ft] (offshore and internationally) and 110 ft or 220 ft [34 to 67 m] (onshore USA, using values that are even factors of the 5280 feet in a mile). Bin sizes are commonly 25 m, 110 ft or 220 ft. "
When AEX was coming up with inaccuracies in it's drilling, I was adamant that we needed to do 3D Seismic. Finally we are going to get precise data on what is down there and where to drill, so if it takes to Q3 2022 to get drilling then I am happy with that, and I'd rather have that than another "it wasn't quite on target" RNS from AEX.
11.42 miles by 11.42 miles is also a very big area to try and find the missing oil which moved up-dip.
Nor recently, no. Indeed not for a good while; pre Covid probably.
I must give him a call.
I
I must give him a call.
OHH why have LSE changed the way discussion boards are presented, this is almost like what iii did a few years ago ( tho not as bad) .... you don't fix something that is not broken!
Crusty - I've been wondering about your friend TipTop.
Are you in contact with him?
You and me both TITM. But then, were I to say so, I would be shouted down by those that would rather the board was simply a platform for rampers and the "rose tinted" ;0)
Though thankfully at least a few of them seem to have recognised that their hyperbolic predictions of the last 6 (plus) months for "walls of news" and multibagging sp predictions have been proven misplaced and have been replaced by a dose of realism.
Patience will be rewarded and let's face it what are a few more months after a decade of waiting? :0)
I think it's time to old your horses a little... Talks of 7p, let alone 10p, seem very far fetched. Yes, we had some positive news and we can get there but I can't see it getting up to 5-7p for a fairly long time...
TITM
It was at .7 in the padt before it shot up to 7p and i know crusty keeps banging on about giving away 50% but i would rather have a potential 25% of $9 billion(3tcf *$3 ,,,, crude calculation) but you get the idea .There are a number of if buts and maybe yet to come but like you kempey i think finally with new government we will see serious movement and sp uptick ...everyone loves a drill after all ...especially one this size:)
if all goes well, i think they'll have a fair idea by then, regarding the CH-1 location, and the Ntorya's Craterous and the deeper Jurassic targets