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I actually feel there has been a tiny leak, roll on tomorrow.
The 2.1m sell at 5.2 @9.07am.... on ADVFN the spread at that time is showing 5 -5.35 so it should be a buy...nothing can be trusted in late reported trades though
Tomorrow should be exciting & interesting... if there any leaks then tomorrow is the day to take a large position if you are sure the source is valid...... volume is key once again!
Also there were many 60300 buys dropping in today...the 60500 ones yesterday must be the same buyer... who really knows??
Have just appeared. Dated today but surely they can't all be as the prices are all over the place?? This market feels so bloody corrupt!
The dip is irrelevant, day before yesterday's rns, sp lost 10%, up 80%+ yesterday...it's perfectly normal...it would have been worrying if large volumes off sells outstripped buys but they didn't it's quite the contrary...more buys are going in than sells...we have no control over market manipulation...we know the facts, just wait for rns for a multi bagger....boom!
A reasonable view here given by respected poster ya on hotcopper below Wed 6th March RNS
WL logging for a 2072m (6800') TD doesn't take long, the update says 'interpretation'. They should b able to read the net/gross pay pretty quickly. Question is which zones has got movable HC's present & what's the reservoir property over that interval.
The openhole at Winx-1 should b apprx 4300ft in length (i.e, from 2500ft which was their last casing point to final TD of 6800').
So the Operator will run multiple tools & collate as much info as they can depending on their logging contractor (Halib'ton, Sperry, Baker or SLB).
If there r multiple zones of interest, then they'll run something like a triple combo tool first, then the MDT probe & if reqd take side wall cores (SWC) since they haven't drilled a sidetrack to core the main reservoir.
The swc's look like champagne corks so r sent off to the lab for poro/ perm measurements.
The MDT tool can take time for multiple zones as they stop & seal the pressure pads & take a jab of fluid so its like a mini-DST as it measures pressure, drawdown, perm & obviously the fluid content. Data from the SWC's & MDT fluid as well as production test is whats reqd to lock in a Contingent Resource assuming the net pay is thick with oil (& not water bearing). GLTA.
Thought we'd have had a decent rise again today, but possibly a small dip tomorrow. Maybe it will turn out to be the opposite way I guessed, so hopefully a decent rise tomorrow to take us into next week. Though I won't lie, the dip down today is a bit worrying!
*6 trading days left
They will drop the news before then profit. It was 9 calendar days yesterday, 6 calendar days left, and that includes casing and not just the wirelog. So it could well be Monday or Tuesday Imo.
Some decent delayed buys there.
Could literally be anytime next week Bricks... Weds or Thurs my guess. Be interesting to see it the twitter rumour mill kicks into action with leak info over the weekend.
Until the news in 9 days!!!
GLA
Some better be prepared for shakes bigger than 12%
Still a strong buy on the charts for those interested
On when we expecting next rns?
Watch and learn...
RKH, GKP, both had big dips the few days before Oil finds. The c***ing MM's will do everything they can to take your shares away before any move north. Keep strong hose staying the course.
Smaller fall than the 10% we fell the day after the first big rise , next news will be the big one or not . Dont think this is very leaky either based on what’s happened so far
Well that was a nasty little dip.
9 trades approx. 700k in sells go through and its dips 5.85 to 5.7 all between 16.14 and 16.17pm
18 trades approx 1.15m in buys go through in the last 5mins of trading....and it dips.... criminal aim at its best.
No sharp last minute moves on 88e or PANR, but to see money just disappear like that gives you a shock.
True. Just annoying.
Focus on the known news.....no reason to worried ...
.
If you haven't done your research are aren't prepared to take the risk a drop like that could easily convince you that there was bad news. It was so quick I even checked for an RNS.
I have made my decision to stay un based on risk reward, it may be the wrong decision and maybe I should have taken notice of the drop but based on what we know I will take the risk.
They do it every time