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Repsol buyout on the cards on success here imo. Then they will own both sides of winx plus winx.
And that was without oil shows ....haha double digits in a months time?
Why? Because it was 4p last week without oil shows so definitely going back to that level and then 8p to 10p on firmed up news. This has hundreds of millions of barrels of oil in the area and it could and should be ours. More news to come in the next few days....the share of 2019?
400m still the target. 1.2bn is for whole Pikka / Horseshoe trend (Oil Search / Armstrong / Repsols share of it anyway)
http://dog.dnr.alaska.gov/Documents/ResourceEvaluation/20180521_DiscovThinking_Decker.pdf
looking forward to a massive recovery on LSE. RMP by the sounds of it will absolutely explode when they hit that black gold. and look out for all those shorters to cover their positions. will not be surprised if it is back green today. luck all.
It's not horseshoe no2 at all so why keep say it . While oil shows is encouraging you have no data of what they have found . Exciting for all here and rightly so and wish you do find a good discovery but they have nothing at this point in time .
talks about Winx
https://total-market-solutions.com/2019/03/04/malcy-talks-oil-gas-viii/
Jontangle. We have to be cautious yes. A lot of people got played with that announcement on Friday with its ambiguous wording (Me Included) Thankfully didn't sell my full holding.
Sorry for spelling folks iPhone auto correct having a field day with me.
Surely in a better position than on Thursday so should be close to 4p.
it f#####g cost me lot, hopefully people recovered their some losses and now it's a paradise for traders.
3p will be history soon.
Close this gap to 4p on the cards as base, then 10 bagger has to be on with full success imo.
On reaching final Total Depth, the forward plan is to run a comprehensive wireline logging program over the zones of interest. Subject to the results of this program the Joint Venture consortium will then decide whether to proceed to stimulate and test the most prospective of the Nanushuk primary targets.
Data obtained by the Joint Venture consortium from a nearby successful third party Nanushuk well has proven comparable to that observed in Winx-1 over the same topset features, thereby providing early encouragement. These initial observations and interpretations, whilst encouraging, should be treated with some caution as additional data and analysis are required for further assessment and validation. A long way to go before saying it's anything like horseshoe and 1.2 billion barrels . Keep my fingers crossed for you all and hope it's a great find for the company .
Ref previous RNS - either way it’s worrying
Every one waking up to one of the biggest tunrnarohnds ever on AIM if this turnout to mirror Horseshoe Repsol will be knocking at our door and the SO will be north of 40p... in all my years on AIM I don’t think I’ve seen a better chance of a huge rerate after such a disappointing RNS previously.
What is this looking like?
It’s looking very likely comparing to Horseshoe, this is probably a 400mill boe find. What’s the mc? Unbelievable! It’s going to continue climbing all day this, 150% up COB. The key information is what is net to RMP, in terms of Nan 4/ 5 net oil and flow rate. Good luck all, Regards,
Last Thursday and since then we have found oil shows. Next news will be critical but further shows and these results firmed up will see it smash the year high of nearly 6p and head for 8p in my opinion but it could go further depending on results
We look to be a bit ahead of schedule.
We've had partial news on Torok,
More info re Torok / hitting TD Tues5th/Weds6th. Then Fri8th/Mon11th- Wireline details on quality of N4 and Torok and maybe which formation they intend to frac. 88e MD has said they will only have time to frac and test the best target. (i think they could change their mind on that and do both given what's happened so far but that is just me speculating). Various RNS later that week re running and cementing casings. Frac started RNS Fri15th/Monday18th. Flowback and flow rate end of March / 1st week on April.
All of this could come in sooner the way they are cracking on
In the words of R Kelly, KEEEP wiping me baby.
Thats a nice recovery rally
simple trading that is one way of talking up your book
reality is the result will be determined by the flow rates
35p if the drill is good and 50p on good wire line results commercial discovery
Was as good as Horseshoe....... What should the S.P. be ????