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bounty, hopefully they have learned from their past target failures and yes they are planning or hoping to beat the 1000 bpd target or meet it early. However remember that this production increase is coming from workovers. They will not be able to use it indefinitely. So there will be a limit to the production that it achieves. Then what ? as we have all noticed they have gone all quiet on the waterflood.
Windy, sorry but I will post as I see fit. Much like Celtic contiues to do. If you dont like my posts you have the option to filter. KRO
Surely, I think the board is being clever with their stategy. They are setting targets that are evidently achieveable but when they achieve them it gives good PR to the company. Like this week. If the workovers have the same level of impact we could reasonably be looking at 1000BOPD early in Q3 and that would put us in a position to smash the 1000 by y/e target. I particualrly take heart from the reveiwed drilling plan and would like to see full use of the rigs once the workovers have been completed. On a more sobering thought, the waterflood appears not to have added any more in the recent months, proof if ever was needed that they need to source more water but even if this is found, it takes significant periods of time to show as oil. We are getting there. Still holding. Guess the next update is a month+ away unless we get a new drilling plan, butgiven we have not drilled any of the 2 planned so far I would not expect news until after these are done. Lets see where we are come the quarterlies as revenue should be up massively... maybe that is the real shot in the arm for the SP. KRO
" Not going to make anyone very rich at all. " Ah, depends on when one bought and one's definition of rich. Each to their own....
Windy "The waterflood itself could push the figure to the 1500 mark " Windy, you yourself were also predicting much higher. ( Landau predicted 8000 btw ). Maybe you are starting to realise too that TT isn't really a great asset. The last target from the board for this year is 1000 bbls-d, that seems to be based on increasing production by 100 bbls per Quarter. And that seems to me about it for RRL, that's your lot. Not going to make anyone very rich at all.
Rex, i may be wrong but looks like the spread dropped mid-morning so could have actually sold this morning and bought more this afternoon. KRO PSsorry if this is wrong as the mobile site is not the most detailed.
Thesaltire, I am not having a go at anyone. I'm not actually having a go at Celtic, I am trying to understand and then discuss the allegations he throws about as fact. He seems to make statements of fact and then when questioned on them just refuse to justify them. I am sorry but if you post on a public forum you must expect to be questioned when you state unsubstantiated "facts". Certainly, if Celtic can justify his "facts" then I will stop with the questioning on the same. KRO PS sorry if that sounds very Benitez with the FACTS reference.
It is weird to see LSE showing sales at a higher price than buys, this must be the definition of a dysfunctional market. Can I sell all my shares at 0.26p and buy them back at 0.24p please? Trading like that will help me offset my RRL losses in no time at all.
bountyman.I hope you don't mean me.I just smile at the grief Celtic gets and has done for years.I would never slate any one off.So still GLA>.
The real picture is that a handful of people are taking some profits, we have had just 10 trades so far today (4 million in all) some of which are almost certainly SELLS. The true picture is we retraced 10% and I am still going to call this as a red finish as there is NO indiciation that I can see that we will finish in positive territory today. That said, we are in a better position than last week and I am happy for that. KRO
Celtic, you refuse to discuss a point you repeatedly state as fact, you have not once validated this. I believe your posts are lies and a deliberate attempt to mislead other readers of the board. You state argument but you simply refuse to justify your comments which have NO support. And i dont mind if your friend from other boards tries to rubbish my name, I simply want to understand WHO you believe is doing this, HOW they are doing this and WHY they are doing this. If that is that "this" is really even a thing. KRO PS you didnt post your reasons other than to state you didnt want to be banned, I cant say that I would want you banned or would "argue" with you but want to have a sensible discussion on the point but you refuse.
Really didn't see any "snide" remarks, just difference of opinion. Nothing to report IMO. Grow some skin. And as I wrote, I feel better Next week. Not today though, I guesstimate.
The shareprice is down , I predicted red you predicted blue like you always do. But instead of admitting you keep getting it wrong you hit the report button. Admin must be sick of you to be honest
The real picture is that a handful of traders are taking some profits, we have had just 10 trades so far today (4 million in all) some of which are almost certainly BUYS. The true picture is we retraced 10% and I am still going to call this as a blue finish despite the snide comments (reported).
Fun while it lasted. Sob sob.... Semi recovery next week me thinks then better leg up if more sensible improvements arrive. Back to the day job.
#RRL Analysts at Cantor Fitzgerald say: "We are encouraged by the outlook in the near term in Trinidad, and look forward to activity commencing in Indonesia at Perlak..."
Not quite complete lack of interest but just a small step so not earth shattering. Nice gentle progress will allow us to trade like a "real " share again.
" I predict another blue day " I'll predict a red day. No volume to take this higher. Complete lack of interest
I would like you be correct Axe but I think unlikely, small retrace for profits and then gradually rising I think like Delft.
Sorry bounty but no, I have stated my reasons why I will not be drawn into arguments.
we continue to make solid progress Celtic.........that'll do for me, slow and steady is fine
Can the rampers at least get your story straight. Yesterday Windy was stating "You never get the trolls when a share is on the up"" now petebo and Celtic are insisting "The trolls will hang around desperately hoping the progress doesn�t continue"
Celtic, you state the usual culprits are going to try and restate the recovery with spin and lowball trades. Could you clarify who the usual suspects are and how they are creating lowball trades as to sell they would have to hold shares... KRO
The usual culprits will try and derail the recovery with the usual spin and lowball trades but this is going to gain momentum. We will no doubt get some traders profit taking but LTHs will see this as just the beginning. As I said yesterday, much of this production increase is down to the efficiencies of RRDSL and that will not be lost on our neighbours, including Shell and Petrotrin. I predict another blue day on the horizon.
petebo, great to see you back, non holders are very welcome here. (But remember try not to exceed your posting limit)