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double digit increase today. Not sure why so many sells. I doubled my holding today. Feeling positive.
Mystro matd are brilliant at hitting dusters and they could be fully funded for anther 100 drills they still wouldnt find any oil LOL. Total crap company matd.
AAOG on the other hand are drilling in an area that is saturated with oil and have just hit the 3 zones they where targeting. Next target will be a company game changer, so borrowing may not be such an issue. Look at angs recent fund raise, not much effect on share price.
Qwerty lets hope you buy some shares and become a AAOG shareholder!
II took £10k off the table last week, its back on again, news this morning gives me the confidence to invest hard earned. I was nervous of the pre result because of the delays but now I know why the results were held up I am happy to invest more. Not long to Mengo transformational news. Expect this share to rocket on that news.
A steady rise each day up until Mengo will do me. This share wakes up in the afternoons so still expect double digit increase before the day ends.
Gatto, why don't you do your own research and then you will determine for yourself how it was resolved when optimism about the drill and possible results during the initial fund raising, it wasnt an issue then. The last fund raise was a pain and it was carried out at the worst time. They have now found oil in R1,2,3, with an appraisal zone looming that will be a game changer. If they find oil they expect 500 BOD from this well and subsequent wells. For such a small company with so few shares in public issue this will be a game changer.
GLA
Hmmm I think you had better close your short before the week is out or you will be dooooomed.
will start to flood in this week. Not many free shares available, remember the prize for Mengo if this appraisal well produces as expected, FUTURE DIVS, what a game changer the next zone could be for LTH.
they found oil as expected in zones R1, R2 and R3. This is fantastic news and confirms the competence of the company and the drill expectations. Looking forward to Mengo result which is a company game changer.
you are banging on about raising funds Bel. If there is not a descent oil show they may not be able to raise funds anyway. This is all about oil being in place that is why I am invested.
The upside can be huge if Mengo proves to be the resource it promises to be. Fund raising would be necessary to drill more wells, I think you know that this would happen. Most traders here would have envisaged making a quick buck on the drill result including me and then maybe sold before any fund raising. The thing that has turned out to be the fly in the ointment is the time it is taking to drill and the resulting decrease in the share price which no doubt has put off speculative traders at this state of the proceedings and with news imminent.
However the more I think about fund raising if oil is found they could get that away at a higher price that the share price as oil in Mengo would be extremely cash generative for the company.
For all we know they may have reached Mengo already and are going to release that news along with R1/R2 in one mega RNS.
They kept banging on about it being a tight hole so this might turn out to be the case, who knows.
Hope so or many of us will be peeved!
am still waiting on my present from AAOG. Blue Friday anyone, if so a good omen for RNS later or Monday before meeting.
Hoorah, blue finish anyone!
I have been a bit negative the last few days so this should cheer me up.
Potentially four zones in this one drill.
First zone R1/R2 will be hit any day now with an 80% COS. I know that sounds unbelievable buts its true and its not an exploration zone its an appraisal so I would be very surprised if no oil found.
Second zone is called Mengo again not exploration but apprasal but with a 60% COS which is still high. Results expected four days after first zone reached. If oil is proved as expected this zone is a game changer for the company who have stated they expect 500 BOD from this well and they will drill further wells which will also be expected to produce 500 BOD.
Two deeper zones first one with 25% COS on first which is pure exploration however, 5000 BOD being produced by close neighbours.
The fourth zone may or may not be drilled.
The share price has tanked big time because of delays, fund raising and shorters and dare I say it even I reduced my holding to £10k but £20k seemed too much anyway.
GL if you decide to invest.
Show us the oil Sefton. Make our weekend with a super RNS either later today or first thing in the morning, pretty please. Was tempted to buy back in this morning with the cash I took off the table over the last two days but on reflection I have enough invested in AAOG.
I think most PI's are a little pissed and surprised that no RNS again. Twitter all quite, noting coming out of Congo, no Sefton pics of well turning. I am trying hard to stay focused on 90% COS on first zones and 60% COS on Mengo which will send these into orbit if both see oil flows.
I took half my stake off the table yesterday and although I got a little bit of negative feedback I feel I know have an acceptable amount invested now. Only ever went up to £20k to average down to 7.6. had initially invested at 9.5 and averaged all the way down to the lowest point to get the 7.6 average. So never intended having so much invested which is another reason I cut my stake to a more realistic level for me on the outcome of this drill. Altough I made a loss selling, still in profit from the last trade I made when it motored from 8p to 11p. Oh for a return to that little bit of upward momentum LOL
No one can deny they are a little nervous if they have been holding for a few months, after all the share price has been pummelled by all sorts of factors, some caused by Sefton some not caused by Sefton.
Hopefully we will see news before end of week.
the table. Lets see what tomorrow brings. GLA.
is turning out to be. Another load of bollocks news about delays. If Sefton is letting his mates out he is playing a blinder, its obvious none of his mates are buying in that is my issue!
News just around the corner, with this sort of time delays it normally means bad results. I hope I am proved wrong this time round. If this dips into the 6s what do we make of that!
£5k today, rightly or wrongly time will soon tell. Feel happier that I have sold half my investment over the last 24 hours. Still got £10k ish invested. Intend keeping that invested until we get RNS on first zone, providing we get that news over the next few days.
Everyone who says patience pays I hope you are correct. I will still be happy with £10k invested. But if this turns out to be a pain in the backside I will also feel happy that I reduced my investment in half. GLA.
Just being honest as I always am, unlike some pirates on AIM boards. Still have £15k ish invested.