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Clive should be packing his bags ready to head back to Dubai. Another couple of days until news on progress at MJF and A6/801? Can't be much longer than that and all these small buys tell me that the cat is out of the bag...
....so it’s a case of the Moggy’s on the move you think richyp.
If the buying pressure is maintained today It does lend credence to the idea of a leak. As word spreads more will pile in.
But what if there is no stock available to buy?
Price will need to rise to attract sellers IMO
Regards
No we are not selling. Those buys at 8p have ended up in sticky hands.
The bear raid failed spectacularly as the shorters ate each other to close their shorts.
Hi Adz,
What do u make of the lack of a flare licence on Elicence again today ?
You expecting MJF spud next b4 deep update ?
CC, it means they are not ready.
I think they should spud MJF next and release the CPR ... let it rerate to 15p and then bring in the deeps.
Adz, that would be the ideal play for Clive to hit and hold his 30p bonus level ... with the market moving up and down, I think he will have a 50p spike in mind in order to hold 30p for the 30 days qualifying period.
If history is any evidence, we tested 18p on A5 going onto the very short lived test. I think 30p should be smashed relatively easily should two wells go on flow test.
Expecting higher than 30p as MJF underwrites this to 25p on its own, especially now we own our own rigs.
Add in 2 or 3 deeps flowing and a 5th deep to be spudded at A9 ..... 50p minimum imo ...
CC couldn’t agree more we witnessed close to 24p on a spike with A5 conforming oil and going on flow test. Furthermore the shallows were not as far developed and being sold at international prices back then . If 2/3 wells come in before Xmas then 50p+ is a real possibility.
Imac1 - agreed m8 - not fussed about timescale as weather could get in way or kit can break - the important thing is to understand their plan and just have the mind set to sit back and wait, a pound within the next 12 months looks very possible to me so happy to do just that.
CC - Are you sure the £1 is in the next 12 months or will it bleed over to 2021 ! I have theory exhaustion reading the board today -- who said RNS tomorrow yesterday ? LoL
strange buys at 14.00 and 14.141 well above ask! is SP due to rise?
sorry ignore 14.41! glasses needed cleaning!!!
No RNS this week! Do not want to have RNS on Friday. I do not understand what CASP has been doing up to date?
Apart from A5 where they need technical advice and expertise from BH scheduled late of this month, I think I have heard acid treatment for A6 and 801 for more than 6 months ago. As far as I know acid treatment is not complicated job to process, it might take a week or ten days. Already elapsed two weeks since last update, and we are not told from any progress. Is it because of Sinopec culture?
Seems to me A8 could be game changer for CASP, but, Clown Clive suddenly mentioned coil tubing equipment for cleaning well. However, Clown Clive has been changing his words with reasoning ridiculous, i.e. coil tubing equipment. Just wonder what will be the next bloody execuse.
Honestly by the time they release any "ground breaking" news oil will be irrelevant we will probably have moved on to fusion reactors and all be telleporting to our destinations! All jokes aside this is getting beyond even incompetence, how have they failed to even realise one flow test yet? I can understand the very morally currupt way of how they would want to make sure that those at the top gave everything in place to make the most! It happens in every aspect of our society! But this is just sad now. We ar e all looking for trading signs for RNS or news that will see this break its doldrums norms but every time over the past decade it's all been bluster... you would think now with the international licence firmly in pla e they would pull the finger out....
nohopebob, you wrote exactly how i have been feeling for weeks. I do like the idea of teleportation though. Oil will probably as cheap as water by the time they spring it out of the ground.
Some people have suggested that the current delay may be a combination of cash flow issues and getting BH on site to do everything they need to do at one time. If that is the case an RNS on further development of the MJF structure may be the best news we can hope for at the moment as it will unlock the investment in the deeps. Information, having improved for a while, is now poor again and this leads to speculative moves against the share as a few people decide they don't want to stay the distance and that share has returned to it previous levels of frustration. It doesn't seem to take many sells for the MMs to move the price quite a distance.
This is disappointing, but I personally think that it is a matter of delay rather than failure (although that is not the same as saying there will be no individual failures on some of the deep wells). Wouldn't want to be out of this over the winter.
Here's my prediction...the mighty Leeds United will gain promotion. Given up on CASP, have no idea what garbage Clive will post next.
I'm not one to deramp my own investments, but it's just the same old carp, brim everyones expectations, all get excited, CC pops the bubble then rinse and repeat. Whoever has traded this over the years must have made a fortune.
A family member who recommended this dawg says it'll come good by xmas. I have my doubts.