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Hi guys, i am new here and this caught my eye. Can someone please explain the basics of this share and why I should invest.
This share is very under valued, bearing in mind current production plus good news from S375 in my opinion!
Kev4:- what is a ramper could you explain please?
We rarely get rampers here. Very entertaining.
tick up imminent
full offer to buy current
707m shares in issue around £15m mcap net asset value at last report $45m
4 already turned blue, 2 to go, low volume remain current offer
@ current offer
Quite the last half hour. No longer disappointed!
The problem has always been production. Lets see them get it out of the ground in a consistent and profitable manner. It's good news but production numbers when next reported are still expected to fall until new wells are brought online. Big sigh of relief with the RNS though. A break from tradition too in that they are reporting the drilling completion. Previously they've bundled drill completion and initial flow rates into the one new feed. So now we wait with anticipation to see it flow.
I'm a bit disappointed with the sp reaction so far. I thought this RNS would put minds at rest about Sib.Maybe it'll pick up.
Not a bad result, but this statement will limit the upside imo: This strong outcome is tempered by the outcome at the initial target well, which will limit the southern extent of the field somewhat
S 375 delineation well and S-375s sidetrack well contain 4.8 m and 14.8 m respectively of net oil pay based on log and core data. What do think this means for the share price.
Webmoor, if I knew the answer to your question I would be a very rich mouse and not be posting on here on a Friday night. But until news and drill results are known my cash is staying where it is.
I do not think this price will drop much more has anyone got a different opinion?
It's certainly interesting. If this drill is successful the sp will shoot up. If it isn't I can see 1.2p until further developments in 2018. Sib is the golden egg.
..and so am i
I am also watching this one with intrest.
It won't plummet but it could go to 1.77 or so. Very low sp for a company producing nearly 3,000 bopd (1,500 net due jv).
Thinking of dipping my toe in will we see less than the current price before weeks end in your opinion?
Lol. I'm watching it, Web. Folk are currently awaiting drilling results. Not due for a few weeks yet. Nothing to be said, it appears.
As soon as I bought 500k in shares I killed the volume last week lol
Hi granto. Surely Sib has to be good given the massive OIP/reserves? Guess things are tougher in Russia than I thought.