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I just looked at the charts for the last month.
We were 0.0475 a month ago and today people are having to pay 0.06.
That’s nearly a 30% increase over the last four weeks.
No wonder Whitenight is so sad.
Follow the money 😀
There is NO current slippage, the previous RNS stated the rig would be released at the end of April. It was a day early.
Everybody knows about the previous slip of a fortnight due to the previous contract over running, so please stop trying to making out there is another one as you also did yesterday. Or that it's down to the company when it is not.
Clear as bloody glass some people.
Oh but I do so want it to go up he always says. Yeah right! 🙄
Larry first promised we’d see oil produced in JUNE 2023 so effective ly and cumulatively a whole year in slippage
“Weeks have turned into months, it’ll be years next”!
Your words happy lad 😀
You’re putting words in my mouth sheephatch, it’s really not how I put it, you know that, you’re taking the usual gaslight approach to come across as the moral good guy. Take all that bs aside (it’s not fooling me), all anyone needs to do is look at the share price, it’s movement over the 3 months and the scandalous placing they recent completed. Period.
P.s. For clarity to the noob investors here, no, I don’t think this will be around in a years time.
Hms
Slippage is not bad news it’s life. This is how it works - drill rigs are secured to drill and within the contract if there is a good result from the drill additional drilling may be required. Or if there are delays on that drill or slower progress then the rig is released later to the next client. What went on on that drill means nothing for this drill. Other than it is very slightly late and it is part of life in drilling, this is what happens.
It is simply not bad news it is a delay and it is an insignificant delay. It’s not like He1 for example trying to source a drill rig for months / years.
Whiteninght you state that this could go on for years so you must I presume think the company has a future if we don’t get good news in a few weeks. But then you state we will be dead in the water. You appear confused young man.
Good couple of buys this morning. Someone had to pay £300 more for their second buy so I presume 15 million in one go was the maximum they could buy. Indicates a limited amount of shares out there for sale.
Well, if after a good couple of weeks readings, the bpd hasn’t even reached 150 pd then yeah, we’ve all had it in my view. The low rate will not enable esp and I really do feel potential for yet another fundraiser and that would be absolutely dreadful.
The current slippage of just over a week is bad news but actually I see it as positive because it’s only slippage if one week and nowt more severe.
BUT we really can’t afford any more farting around
Boxes , that must be a good sign. Only wishing I'd waited and topped up today instead of yesterday, that damn crystal ball is playing up again 🤣
GLA ATB DYOR
If they ‘only’ need to get to 150bpd to be self funding (which by the way it total rubbish in my view), will you finally concede that it they do not reach that target then they are dead in the water?
Weeks have turned into months, it’ll be years next! Nobody is making money here unless you’re shorting.
20m net buys and down 12.5% aim 💪👌
Pboo forgets he was ramping UKOG to high heavens at 11p, it’s now 0.026p. But worse, he was still ramping it all over LSE at 0.18p. Possibly the only person on LSE to lose everyone 99% twice on the same share? Certainly not someone I’d be listening to when it comes to investing, oil/gas, or anything else for that matter. BCE will come good, they have a planned sidetrack, the equipment for which has been mobilised. By the end of May if the side track has worked the price will be many multiples of what it is now. I remember him posting all over UJO Wressle about how it wouldn’t flow, next thing you know they are netting $1,000,000 a month and he’s nowhere to be seen.
Pboo
As per your UJO which went a little while back from about 12p to 50p I believe this can do the same.
For those people that bought in higher than the current price here at BCE it’s a great shame yes, but to those who have averaged down and have got In recently there is massive potential.
I’m personally hoping to get multiples from my avaerage. I’ll take some along the way as I’m sure many will.
The company only have to get 150 BOPD out of this well to be self funding and push onto other drills etc. Hope that will be the case but I’m not that naive to believe we won’t need a few extra quid along the way.
There are no certainty’s here at all but I like the odds that the oil will flow and the positives far out way the negatives and my money is here for success.
The company is sound, the people are very good and they are trying their best. Not every oil and gas company succeeds, hence today’s price. If you don’t like risk this is not a place for you to invest. Put it in a bank and get a few percent a year if it makes you sleep well.
Regards.
Pboo
you click onto any oil/gas/mining 3/5 year chart
they're all the same,peaks and troughs
90/95% of the that time,is probably a downtrend
5/10% of the time,is an uptrend..
so its the norm,on any exploration comp.....no doubt,you'll know,which trend to get out of,before the other dreaded trend,sets in.
i dont make the rules up,ime just saying out it works
Sheephatch
How can you support a share that has fallen from 18p to 5p in less than 6 months.
Investors are down a fortune, including your large investor UJO.
Whitenight
How lovely to hear from you and welcome back from your last suspension.
Let’s hope you can stay with us a little longer this time. Obviously you’ll have to be a grown up which is asking a lot I know, but do try.
You may have missed the latest RNS but for info things are just a tad behind but looking good and hopefully positive news in just a few weeks.
Anyone see DELT’s news this morning. Thanks heavens Germany have a better understanding of energy resources and needs for their population. This race to go green is causing so much damage in the UK.
Good luck all.
If you read whitenights history he is shorting this share hence the negative responces. Fair play to him he must have a big pair taking on this gamble but if he feels the SP is more likly to drop than increase good move by him.
I fully expect this to go up hence going long on this. We have all different investment strategies but I see very little down side from where we are right now. Hopefully in a months time were off talking about our new cars and Whitenights off to the mortage broker to remortage his house to cover the huge losses he has lost on this share. ( I hope that doesn't happen to you and if you are shorting jump out when it takes off as no one likes to see people loose money in this game)
Why someone who has a name like that can be so miserable I will never know. Should change it to darknight
Whitenight at it again with his de-ramping I see. Still the negative drivel continues.
Sheephatch at it again with his ramping I see. This dog is still pretty much as low as it’s been yet still the positive drivel continues. Watch you don’t lose your shorts 😉
Me too hms
reminds me of he1,when the sp was 0.19,rock bottom,so i know ime in at the bottom,near az dammit and only a week or three,for the expected news.
but i;ll be taking profits on any good rise,with half the holdings,just to be safe.
after all,the previous 2 he1 drills,didnt go to plan...so these drills,take no prisoners,as i found out,last december
I just can’t resist throwing in my spare pocket money cash as a top up to make a nice round figure with my millions of shares.
The risk is high but potential rewards even higher.
ALL MY MINEY IS HERE IS DISPOSABLE ! - note showing off but just a cautionary note to non experienced investors
Spreadex now hold 555mill.
Today’s volume 200mill…. hopefully this volume holds but either way Spreadex should be gone by the time drilling starts and shares in transferred into sticker hands.
GLA
L2 hotting up and spread is closed.