Member Info for 1750mk1

Thanx to Paul Jemmett...

Daily - Inverse H&S on the lows with a decent breakout of the neckline today on strong volumes of x1.8 10DMA & x2.5 30DMA. May find some resistance at the 200DMA, but if that does break and hold the next significant resistance level will be 20.09p.imo

https://twitter.com/pauljemmett2/status/1115666174195507201

Lovely stuff... nice and steady. Canada ticked up again too, now at 27 and 12.5% up.

@Alchemyex... I expect to see 20+ pre spud given the production and development program growth and factoring in that Ortoire kicks off with a couple of low risk drills with 95% chance of commerciality that could well multiply current production alone ... throw in the higher risk boom drills and the fact that any success at Ortoire can open up 30 - 60 more targets on the block.... and yes, 20+ pre spud should be on the cards as a base.

Interesting to see the SP apparently drop a bit ... but bid goes up and then goes NT to buy.

Could be anyone Gizzy... Insti or PIs accumulating.

We know that the risk vs reward is as good as they come at these levels so it's not surprising to see consistent buying as we have done of late... good to see that translating to a steady lift in SP now tho.

Yep, noticed that too... all adds up to re-rate being overdue.

Notice bid holding up to sells again ... still significant buying in background imo. Wonder if Edale are accumulating more ?

Gas up nicely last week or so too.

Good to know RRE is printing mountains of cash whilst suspended.

Happy days.

Lots of ducks lining up very nicely here...

Brent really in the zone now over 70 ... 2200bopd (onshore so lower SPT) and rising.

TXP have 200 development wells to drill and last year averaged 90bopd per drill from 11 done (inc 2 that are very low)... important to note, they can now start high grading where they drill as they have met all commitments to drill certain areas and targets. They also expect to add more to the 200.

Ortoire transformational' drilling campaign funded for first drill spud in June (and likely 2nd in aug from cashflow)... 95% chance of commerciality... can double production in one go, quick to commercial production... gas so no SPT. and diversifies nicely from oil.

Further low risk drills to follow including some hugely transformational targets.

Paul Baay recently referred to the lowest risk Ortoire drills including the first one as "development drills'... as opposed to exploration.

Chart primed and looking for a breakout from here imo.... Pos H&S reversal in play, bullish break of the neckline and I think we have the momentum for a push.

Undervalued... loads of low risk exploration thrown in for free.

GL all.

I think you can sometimes tell zeus... and its a stone cld buy or part of a larger buy order imo. It's officially a deferred (late reported) trade and cheeky to put it through with a time stamp 10 secs before close to look like a sell but it has not moved the SP or spread at all and in fact the bid and ask were up on open... so at that price its clearly a delayed buy and that having been in the pipe explains the bid strength last few sessions.

All worked in an any case so no matter ... but interesting none the less.

Brent at 71 ... happy days.

I believe it means it's a delayed trade (could be several days) and I suspect part of a larger recent order that has been getting filled. Explains the SP movement and strong (even rising) bid whilst a few chunky sells went through in the last few sessions that should've dropped it... i commented a couple of times last week that it looked like there were buy orders being filled and that late trade makes some sense of it to me. Could be wrong of course, wouldn't be the first time :).

Thanks Jupiter.

Very impressive and very bullish interview. He's clearly looking forward to releasing the quarterly next Thursday 18th.

Good news there too tomat02, thx.

never mind 13... we'll soon be hoping 16 holds, then 20 before 1st Ortoire drill starts in June :) .... will still be undervalued there with oil settling in the 60-80 range imo.

Bid is at 13.125 so don't be fooled by B&B looking like block sells..

Brent at $70.5 ... TXP printing money at the moment.

Big Q2 ahead.

I am surprised that RRR and ABM would be on such a list from any credible source... both are Bell dogs imo and I wouldn't touch them with anyone's with him involved.

You are correct Tony... Directors took just under 40k ... rest of the £329k by existing holders,

Directors can take placing shares when in closed period as I understand it.

bid holding up and ask currently 3.3 to buy, up from last buys... still think buys are in the pipe.

it means we will go up 90%, next Tuesday. Obviously.

now 13.3 to buy ... background order(s) in I expect... probably see the usual 100k buy land

Don't be fooled... similar pattern to early yesterday.

Very impressive first darts and good luck.

Delayed from an hour ago... claims the bertie big bollokcs award for the day.