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Tidd. Yes at this minute I am like lots of others, losing money, but only if I sell. I have long stated I am a LTH. I believe the Co. is no longer at exploration stage, it is producing now and will continue to increase. My view right or wrong. Soon, sentiment will creep in, that has nothing to do with M/cap, BPD, or the price of coffee. Just greed and wanting a piece of the action.
Now just off for coffee and cake.
It is what it is
Time will tell buy or don’t buy
All the while you have YA tipping out stock at a rate of knots.
With a £3m overhang to clear....
Why is it cheap north?
It’s capped around £46m and it’s production figures are pitiful.
All this mention of potential, there is no CPR produced with credible reserves booked. All flows to date are from the Portland reservoir.
The Kimmeridge where the billions of barrels were touted has flowed what exactly? The broadford bridge well was a disaster and is now brushed under the carpet for the chase of the new Horizontal well into the Portland zone which again as ran into issues.
Whilst I have no doubt oil will continue to be produced there is nothing to warrant the current market valuation nor any future projected ones unless you can tell me otherwise?
Tidd I don't agree with your analogy on the cake i believe that the sp is cheap at .5 or .6 regards to what you Will have to pay in the future the past is in the past let it go let it go
North I read it and so by your own admission are you going to assume a loss here?
In which case why put more good money after bad?
All I see here is comments that shares at 0.5/0.6p are cheap. Cheap compared to what that they used to be 10p?
If some sold you a big fat slice of a cake for 10p and then a year later sold you 2p crumbs for 1p would that seem cheap? After all, it’s all from from the same cake..
Good news - - I reckon they should have it done in 10 -12 days...
But note they are still producing only from the Portland in HH1 according to the RNS - so the dual completion is going to be in March I guess
Tidd. did you even read what I said? 2.3p is my average. Not my prediction!
north, if you assume a minor dilution to 8bn shares (baring in mind the CLN is chucking out millions periodically) your projection at 2.3p would give the company an MCAP of £184m.
For what?
Its share of perhaps 1000-1500bopd. To give you some context I have added stakes to a company at 13k bopd production and increasing, no debt, positive cashflow and OIP 2P of over 360mbo and growing with an MCAP of less then what your touting.
Wake up.
Taking a fair bit of buying to move this up. Once the fix is confirmed expect some bigger money to move in here.
Fair enough I hope you get a return on your investment best to stay positive with it as a man thinketh and all that bol
Longtermholder. You don`t need a K and don`t have to presume.
I have been here since July 2017. Bought in at 8p, but have slowly been averaging down to my current 2.3p. so getting close now. I was simply demonstrating the power of doubling. I am completely behind genuine investors and the Company, I would not stay if I wasn`t. Good luck to you and everyone who is invested.
I hold a small holding in here 1 million shares,I am going nowhere.Tell it as I see it been burned a few times by not listening to me head instead of my heart.But Like I said good luck to whichever way you play it.
In that case Mr baits you might as well move on from here and find something more suitable to your liking enjoy your day and best of luck
So many peeps on here are always 'going to buy when it hits x'
What a boring waste of a comment.
Hollybean, why throw money at problem that is trying to be fixed.Nothing in the Oil & Gas game is straight forward till you know the results.Only way I will top up is if the price drops to 0.50/0.55.Even then I will need to think seriously about it.But everyone as their own agenda and I say good luck to all whichever way they go.
northfork---you are obviously knew to this. Some of us have been here for years and have stuck with it. It's about regaining some losses and supporting the company. We should all wish them the very best of luck.
GLA
Baits must be working for the met office he puts a damper on everything enjoy your day
Last bets please! This only needs to hit 1.25p after successful fix, and you have doubled your money. That should be possible. All in my opinion. Don`t use money you can`t afford. SS will stake his reputation on this one.
Nearly there UKOGers.
"We look forward to a successful intervention programme and the near-term resumption of test oil production from the new HH-2z horizontal well."
Hear, hear!
YA could convert £1million at 0.5p(ish) which would drastically halt any rise even if they can only sell 15% a day so next funding RNS is important in my opinion
Toe end is right at the end of the horizontal Wellbore.
Re rate coming strong buy. Not to sure about that matey what if it fails and the water can not be stopped, it's not a given.This could hit 0.50/0.55 before it goes up.
RNS states the toe end!!! so near the ankle. :@)
Re rate coming strong buy