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Only guessing and only a TR1 will confirm but would suspect that Spreadex must have reduced their position further over the last week and an RNS update might be due soon, which in turn could move the share upwards next week. Let’s see and enjoy the weekend first DYOR
Could be a ujo top up.
That was short lived lol.
ATB
On the move and fast
Lol...tick up that trade....that was quick
45 mins to go....and good buying
tick up on the menu?
£45k on the two trades this afternoon is very confident purchase.
Not long now 😀
Fingers crossed
Should be a good couple of weeks for us, looking at the trades I think only three of them are sells the rest are buys as they are very close to the top of the bid.
Buyers are taking position. Rig on site next week
That'd be a good end to the week
ATB
Busy afternoon maybe
Level 2 looking stronger with 3 market makers bidding now at 0.05, let’s see but usually leads to an uptick dyor
The spread is worthless to use for n analysis. BUT, both the SP and volume is creeping up slightly but surely.
Under normal circumstances, a tiny bit of consolidation thereafter it will a period of good excitement on here again.
I believe it’s about now that tomorrow will start kicking in especially after he rheinpetroleum update reassurance.
I’m happy I got my spending money in as too uos
Thanks Tro
Scarlet
on the above indicated spread,your right,the sp is zero rise/fall.
but after 8am,it was say 0.051 to buy,at the end of the day,it was 0.054 to buy
so we are actually up,in real terms.
What rise - its zero % rise
I'd hate to be out of this share as it looks very active.
Maybe the cause of this rise today?
From Rhein statement yesterday:
“The existing well will be used unchanged up to a depth of around 1,600 meters and will receive a newly drilled branch from there,” explains the Rhein Petroleum managing director. "Immediately after the end of the drilling, the test production is prepared, including inserting the delivery pump."
My understanding is that the initial delivery pump will be a rod pump which I believe has a limit of 250 bopd. After the well has cleaned up I believe this will be replaced with an electric submersible pump which will be able to handle flows in excess of 250 bopd. As I have said before, I am hoping for 500 bopd but if its more I won't be arguing.
Their are two pumps if I remember correctly, one was a basic one whilst the other could increase bpd materially, not sure if they are putting the bigger one in or not.
Wither way we have a company with a 10 mil market cap about to become profitable, very good times ahead.
Are they also putting some pump thing (THATS TECHIE SPEAK) in as well as well as side tracking
It wil have to rerate from here even if its only 150 ....
Looks to be creaking uppity in both volume and s, albeit slight and slowly
If we get anything above 150 ill be happy but if we reach 500 ill be very happy. the SP will have a heafy rerate should it reach 500. If we get closer to 900 that will be unreal!