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Back up to £1.50 for tomorrows opening.
the sp, as we saw pre suspension, drifts when there is no news. It is these periods when you need to top up. The sp now is at a great price to top up or to average down. There is no reason to worry. Eblana 1 was always an appraisal well. It was purposely chosen on the edge of the anomaly to understand the geology and also the data sets. Eblana 2 will benefit from Eblana 1. They will understand more the results of all the testing. We just need patience now. Here's looking forward to the New Year
"Every tomorrow has two handles. We can take hold of it with the handle of anxiety or the handle of faith" (Henry Ward Beecher)
Guys, look at it this way... when the SP was sitting just over £6 and we were all uber confident (wondering what car/yacht/house to buy and how to limit CGT), we were looking for £10 a share to start with... 65% upside from that price. £10 is an easily justifiable and conservative target based on success from EB1 alone, even Tom Bulford RHPS had a target price of £10. Mining Resources Quarterly magazine (when the SP was above £6) said the upside potential was huge, even at this stage in our lifecycle. So... At a SP of £6, 65% upside (from EB1) At a SP of £1.10... 800% upside (from EB1) We have lots of oil, hit what every exploration company dreams of. A minimum oil column of 150ft may not meet some investors expectations but in reality is a truly amazing result, with a pay zone thickness on par with Rockhopper's Sealion discovery. Remember, this 150ft of oil (from this anomaly) could cover an area of 36 km2 (google Agency Lake in Oregon). Before the 1100ft "potential" net pay figure was mentioned my maximum expectation was 300ft and that was from IPDS research papers (and USOP presentations) I've read that stated the max IPDS reading of 0.96 corresponds to net pay of 300ft. We also know that EB1 wasn't drilled on the location with the highest IPDS reading but on the location where all 18 datasets correlated most strongly. The investment proposition in my opinion is more compelling than ever. All the best, Zedd
Sims, good post and I totally agree with all you say. Anyone invested who doesn't trust BM & the Board really needs to have a good long think and ask themselves why they would put their money into the care of people they don't trust. That would be non-sensicle to me! Also, when looking at and listening to what BM has said, on the record, it really is pretty powerful stuff imo, when you put it into the context of the fact that he is publicly accountable for these statements and they have to be made within the rules of the regulatory framework within which he/the Bod/the company are operating. They are not careless, throw away comments made up on the hoof! For those reasons and the fact that a new CPR is being prepared at this particular time (they wouldn't be doing it to give us bad news, would they?) I have a huge amount of confidence that this is going to be a very considerable success for the company and all investors. Difficult and frustrating though it is, patience is the key here. It takes time to do things right, in any aspect of life, and as maytheforcework states, the evaluation needs to be spot on and so the company must be careful. The next phase of testing could see all of us considerably better off than we are today. Best of luck to all.
at this price imo This company is really going to go places imo and BM will be proved to be a great ceo in the end we have oil which just need a little help and this well will be commercial will be interesting to see what majors we get in to help us but listening to what BM has said in the Q and A and the other interview things will start moving soon and all the de-rampers lose I trust BM and the Board as unlike other company heads they don't dilute the share price just to buy there sandwiches in the morning have 100% trust in these guys as should everyone else GL all and lets get this share price moving up
Speaking of the book....only a couple of k at current levels and a couple of k at 126....so up the price ....
I can't make up my mind whether in the cosmic scheme of things Turra's incredible run has been caused by the delay in the flow tests or vice versa. We shall see.
Company evaluation needs to be spot on, that's why they are being careful in doing their updating of the reservoir model. Brian and us want this to be stunning. Golden tickets firmly held.
According to your theory, I suggest we may have a RNS before next Tuesday night ?!!
Is doing nobody any favours right now, still today's incredibly low market activity must be a record!
A good post mate ..... I agree with you on the CPR .... however we need some news now going forward.
A timely and very welcome first post - thank you
Good Afternoon All. Haven't posted before but thought it worth repeating some of our CEO's words (verbatum) from his Q&A with II on 16 November whilst we wait for news, just to boost confidence and remind us all of what we hope EB1 will bring. "The fundamentals of this company are better than they have ever been" "we have proven productive zones, including a very large one" "We have every confidence that we will be able to flow this well" "We have a confirmed discovery, and it looks very large" "we have only begun to understand its potential" "We are confident about the estimated oil volume numbers" "We have big producing zones to work with" "The potential of the productive zones is very large" "Water is only a problem if there is no oil. We have lots of oil." "We have done remarkably well to confirm large oil-producing zones on our first drill" Sounds like a man who thinks the first drill isn't going to be anything short of an enormous success to me! Oh, and regarding that issue of the Kerogene & wax obstructing the flow, see above quote but also remember what BM said during his audio interview with II, also on 16 November ie. "it's an easy work around" and "there are six or seven (methodologies) which can be deployed in order to clear the route and allow the oil to flow". I am no oil industry / exploration expert but I do work in business and the above comments are not something the CEO of a listed company would say lightly or without the approval of his Corporate Advisor imo. Also, why order an updated CPR at this stage of the game, and at not insignificant cost???? Could it maybe, just possibly, be because, following all the work they have done so far, they now know they have significantly more oil than previously thought (and detailed in Forrest Garb's covering letter to the first CPR). Well, I know what I think but you draw your own conclusions. I am impatient for the news, like everyone, but confident in the outcome. Lets all hope it is the huge success we want!!
"aaaayy"
Seriously crazy selling at these levels....the order book is empty...you can name your price ....lots of news to come,. You knew that anyway...but 4.50 could be here and some, sooner than you think....
yes, I thought about 85p this week, depends on news good luck if you get them at 91p
bloody glad i bailed out of here at 4.50 and didn't listen to those saying sellers were idiots at those levels.
tell more LOL
Raise the ask, hardly any sellers, was 180 last week.....contractor getting ready on site....
How can i join the HQ please ? Kickboxer i have an order to top up buy 11175 shares @91p , just a try maybe i get lucky. GL ALL
We are where we are, and at just over a quid it is all 'handbags' with barely a market, and even then those very few selling take us down........ however, just a few words in a nice RNS and we could be well over two quid pretty quick. Makes you think?
We are where we are, and at just over a quid it is all 'handbags' with barely a market, and even then those very, very few actually selling take us down........ however, just a few words in a nice RNS and we could be well over two quid pretty quick. Makes you think?
yes, just bought some at 105p, part order filled.
Today, yes, EIGHT so far says it all really! Quietest in recent history I think, come on Bwyaaaaaan!