Member Info for ajax62

That's a big hit they have took there and obviously like the rest of us they will be extremely unhappy with that current paper loss

preliminary observations during drilling, the well did not encounter Upper Jurassic sands as anticipated. As a result, our contingent resource volumetric estimations for the Verbier discovery are likely to be revised towards the lower end of the initial resource estimate of 25 million barrels of oil equivalent ("mmboe") announced following the discovery in October 2017

So just preliminary observations and with the rig still in place then Equinor are staying put until something more substantial can be resurrected from these preliminary observations.

Entirely agree bullson.....Hand picked experts in their fields all the experience so surely they have to do better.

Still don't understand why this result came a month sooner than the BOD stated which was Mid May ?

Or do they mean all the data on verbier would be released Mid May ?

Pretty confused with all of this and extremely disappointed

I'll be surprised if my horse doesn't come in e/w

Warriors Tale

Backed it £20 e/w
Took odds of 80/1

Good luck if anyone has had a flutter

LOL

" Surprised "

What it actually means

surprise

noun
1.
an unexpected or astonishing event, fact, etc.
"the announcement came as a complete surprise"
sinonim: shock, bolt from/out of the blue, thunderbolt, bombshell, revelation, source of amazement, rude awakening, eye-opener.

Fairdealer........Let's hope it's for a very good reason that it hasn't moved.

Someone mentioned yesterday that it's normal for a rig hanging around ?

I don't think so myself

What more bad news could there be when supposedly from the 1st sidetrack there is a minimum quantity of 25mb of oil in the up dip ?

I just don't see any further bad news or are some implying there is zilch oil down there ?

I think the majority on here are just speculating was there is and what there isn't so I'll just wait for a detailed RNS instead of listening to jackanory tales

LOL

Nothing in this market ever looks good when the share price has taken a hefty fall but I'm holding out here as one bit of good news will send this back up.

Either an acquisition or a surprise sidetrack ?
None of us have a clue let's be honest what will happen but I won't be selling out anytime soon.

It's a long way off the £4 dizzy heights after the sidetrack and who knows it can get back there even if it's a 2 or 3 year LTH.

Pressure compartments are found in basins worldwide. A pressure compartment is a volume of rock, all sides of which are sealed such that the fluid within the compartment is isolated from the surrounding normal pressure regime. Pressure compartments affect the movement of fluids that control the migration and accumulation of petroleum and the diagenesis of reservoirs and seals.

Something along the lines of this then just maybe ?

Would this require pressure testing I don't know ?

Karmakamix.....Atleast we have booked a holiday each

LOL

I'll let you off as 3% - 5% is possibly but I'm no good at doing it in fact I am a useless investor so whatever I do just do the opposite

Just being honest

' What you see with me is what you get even though you cannot see me '

LOL

GL

And at the time of that interview the share price was around the £2.20 range but clearly described by AB & MGW as factoring in the bear minimum of 25mb Recoverables but here we are now at 80p

Maybe a acquisition sooner rather than later will propel the share price back up until further drilling activity is announced.

Something needs doing and pretty quick in my view

They use the word ' Surprised ' that tells me they were pretty convinced it was the right area where they drilled so have they missed it by a whisker or toe nail ?

It doesn't add up after all the work and data they have collected since the sidetrack.

I wouldn't have thought at the moment you can get the trading opportunities with this ?
No swings really since it collapsed after the RNS.

Bloody hell if you left school at 16 then only worked for 19yrs let me in on it please ?

LOL

Even though I'm skint I am looking at topping up here but not sure where the bottom is ?

No bounce from yesterday but I do expect one either tomorrow or early next week in my view from this position

Getting silly now this 80p

I wish you well I really do and even though we all say were sitting on a paper loss it's no good for the heart checking our portfolios.

I don't even bother at times like this and by the time I check back in I've forgotten my trading account password.

Best way for me

GL

The candlestick pattern faltered apparently in other words it blew out

GL

Chaebol........Will she not settle for a motorbike now until this stock hopefully moves up again in the near future ?

GL