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Those saying Friday RNS wasn't clear are correct However, if you read the whole RNS, don't stop halfway, then you will see where they in fact told us that primary target still lay ahead and the Nanushuk encountered wasn't the targeted one. So we now have 2 x strikes plus a bonus 70ft or potentially commercial oil. £7m M/Cap. Only going one way from here. A long long way from here.
Im down 60%, others can profit, at least i see it going higher now. Moods better than friday for me...
Well well well £70m mcap by Friday Have a great week everyone
no maestro mate I still have 50% of my original holding. Just feeling a bit pessimistic. I'll see how things go with the SP over the next few day's - anticipating a lot of volatility.
Best of luck
Possible. Looks like rmp.asx is now looking stronger. Let's see if that can be maintained.
they should of juts kept schtum till TD
get this wrong and hit the Primary target at deeper depth than anticipated and now they are saying Friday RNS was eluding to but not actually the Primary Target. The only thing for sure is that Time will tell although ASX is currently down 35%
Me think u sold?
I think you hit the nail on the head there Proft_profit....nothing is crystal clear even after latest RNS of 4 March. I guess it's a waiting game now over the next few weeks until they have completed all the wire line logging, lab testing and for them to decide if ... and where, they are going to perforate, frac and flow test.
With the RNS.
40% down. Does anyone know how oil exploration really work.
Can someone please try to answer this question.
Why mms not opened high after 4 March RNS.
What is wrong with the RNS?
Seems more questioning.
Nothing is crystal clear as of yet.
Another question on this find they dont mention lower level of commerciality, dont mention it at all.
Why mention on the upper level?
Fubar,
I think Fridays Rns was forced by the stricker asx rules. It was also poorly worded from Dave Wall at 88e, I don’t think Bandy had much to do about it, but some people will always bring up the past especially for there own agenda.
I think many of the people spreading scaremongering and spreading lies on Friday will now be buying in from tomorrow, shameful really.
But I hope that your good self along with many others who have suffered with this share in the past will finally get there rewards.
I believe we are not far off from that dream.
If we get the result we want, the interesting bit will be what happens next, buyout of Rmp, buyout of the consortium, a appraisal well to add significantly to the reserves and the value, who knows.
Maybe to early to talk about it for now, but plenty of time to contemplate and discuss while we await the results.
Good luck, very positive here and exciting times in the near future.
Tangle
Which other succesful nanushuk find is nearby?
:rolleyes
Im not surprised - we are down 60 Let’s see where they end tonite and how we start and end tomkore and where we r once logging is done Peace out
Cash2
Don't get over reactionary!
Aussies are down 41% with this 4 March RNS.
Russi - This is the last time I will post for tonite but if u r concerned about Fridays rns not being clear and you are extending that concern to today’s rns the problem is with u and ur lack of attention. Fridays rns was clear - crystal clear. It said a target in nanushuk and not the primary targets. This rns is clear too - oil found in both nanuhsuk and Torok - further tests needed as is the case. That’s it. Don’t start spreading fear or worries or concerns for unsubstantiated reasons. Tests are required. Is it the real deal We don’t know that why there are tests but seriously think about it if the rns says comparable to horseshoe what do u think it is vegetable oil ????
After the fiasco on Friday I'm still very cautious about the latest ASX RNS. I no longer trust these jokers at all.
Why only now are they disclosing that the RNS released on Friday related to a Nanushuk zone above the primary Nanushuk targets ffs - why was this not stipulated in the original RNS?
Also, what makes me extra cautious is the wording of the latest RNS - if there was a shit load of oil in the primary Nanushuk they would already have very good indication of depth of pay from the drill cuttings and LWD imo. Sorry to sound over cautious but things just aren't ringing true here for me.
GLA
Richy I genuinely hope u get yr money back. 8 p is possible but I reckon this will take time. I remember when 88e did its rise three years ago 2016 that took time to digest but it rise for the right reasons. Dw was on it and the rns were constant updates on how good this was. We now have a clear indication with unambiguous language stating it is comparable to horseshoe and the increased lwd resistivity. It’s now a case of getting results following logging - think we have till about April now. So I would be patient. I should know as I was in 88e years ago and sold when it dropped below shareholders warrant price and I thought this is too risky. I did not sell on Friday. I bought more - surprising how all the posters with doom and gloom have nearly disappeared now ! Not all though
Thanks,happyhols,also I must thank Steve Larratt,who made me keep my nerve,nice one.
Tomorrow will be a good day! Where do we see the sp going now? I need 8p to get my money back from the Puntland days and that could now be possible.
Down 38%!!!
What going on guys, is this a good RNS or what???
Having reread this RNs,bit I like is nan4 compared to recently successful nearby well,I'm very happy,hope I get chance of a few more
Rmp has history with water (puntland) I remember rns on 2nd well which turned to water. People are naturally nervous
Good evening everyone,
I am pleased for all invested here that we have got the Rns we deserve after Fridays debacle.
I agree with others that Fridays Rns was too ambiguous and just a bit more information would have partly avoided the large sell off that occurred during the day.
I did not sell a share and after some deliberation I actually added a few on the overdone drop. I also agreed with some posters on here and on 88e that we had not reached the main Nanushuk zones and the Torok, as I have always said would hopefully contain oil shows.
From the Rns tonight it quotes us having oil shows from C1 to C5 in both the Nanushuk and the Torok zones. C5 are the oily bits, and we still have more Torok zones to go through, it’s 500 ft thick.
I like how they compare the preliminary results to the nearby well, the huge Horseshoe well. They would not say this if they were not confident.
I feel for the people who sold out on Friday, hopefully many will be able to get back in at a decent price.
The antics of some of the posters on here Friday was nothing short of disgraceful, gloating on a what was deemed a poor drill and the misfortunes of the people who sold out in panic.
I think we will get the result that we were all praying for from Winx, it is just a shame that we all had to endure the shenanigans of Fridays Rns.
Who said investing in oil plays was straight forward.
Very pleased for everyone here, we should now have that exciting few days of rises that we all wanted.
The full results will not be due till all the results have been interpreted and flow testing has been completed, probably towards the end of March, beginning of April.
However we can now relax a bit more and enjoy the outcome.
Good luck all