Sorry my PC keeps posting when I'm still half way through my posts. It's very annoying. Or maybe it's a fault with LSE's website. It happened a few days ago too.
Going up nicely now though the shareprice isn't where it should be because there are no shares available. II and H/L are both going to NT continually while IG ISA/stockbroking have some available but want 1.8998p for 100,000 or more. However I suspect that limited quantities can still be negotiated for around 1.80p on the other brokers - which is true as I just got another 200k @1.80p on H/L. Now H/L is back to NT.
He's just being silly. Give the share a chance. This is clearly on the up now and this should continue into October. A return to 20p + is quite realistic. N
· Enhanced Multi-well Drilling Programme of 5 firm Wells and 2 Option wells
· Increased Loan and Carry Agreement
· Preparation work to commence immediately, with first drilling anticipated in Q2 2019
Excellent news. What could get better. Maybe just the shareprice. I remember when Barryroe was drilled in 2011/2012 and checked earlier and the shareprice was as high as 65p. There were a lot less share in issue then than now but even so the m/cap was regularly over £65M and as high as £90M. The m/cap is less than £10M with a sell price of 1.50p so there is plenty of room for improvement.
Although there hasn't been an update for a while I hope that Alvares testing is still on for early Q3 2018. The independent updated CPR for the South China Seas oil is also due in October.
If Alvares goes well this could easily be back to 20p/30p.
I've got my average down to 12.25p now so that's looking better too.
I'm okay as I don't hold any shares here. I personally never hold during a wildcat drill. especially one named after a wildcat, and I don't have any sympathy for anyone who gets hammered here today as it's a very stupid thing to do. Not much hope for the next drill either as Western Mongolia has yet to find any oil at all.