Member Info for belgrano

I think 12 wells will be adventurous, and I'd be pleased with 8. Some new acreage to explore and drill as well would be best . I've waited a good while for news, I can hold a good bit longer for sure. Lets hope that those with the patience to hold will be richly rewarded with a stonking RNS.

Very unusual to see such a sell off without news, could be selling to try and get back cheaper, we've seen it before. Mind you if they are selling as they expected news but are disappointed i'm glad as they would have offloaded anyway. More dealers that go the better in my book especially if it gives an investor the opportunity to get in at a better price.

very large volume in Canada tonight..do we smell a leak, rarely see them outstripping UK in volume. Very positive sign.

market starting to wake up to the fact that we are currently 50% undervalued, thats before any news. Already up in Canada again tonight.

good run towards the end with ask rising a tad more.

Some of the trades this pm are sells that are miss reported again. Spread currently tighter at 10.2 V 10.45 on barc for 20K. However its nice to see the small rise.

I know of none that have sold up and a good few that have added. You are quite correct, when this goes it will go fast, and if my instinct is right we wont have long to wait either.

After the last 50K buy the market now appears to be getting short of stock at the current price. Just been quoted 10.1p to sell 100K, but cannot buy 20K. The steady buying outstripping sells over the last few days are now having an impact. I expect they will have to raise the price to tempt some sells. My gut feel is it may rise swiftly.

Yep come on Brad time in inspire the markets, hoping for an acquisition and a dozen well drilling program, repeating last years fast action of 4 weeks from news of drill till job completed.

Yes apart from the quarterly report which Brad was forced by Canadian law to provide we have received no information for nearly 6 months on progress, it certainly makes you question your holdings. However I'm confident that these newsblackout periods are ultimately in the interest of company and shareholder alike. Brad knows that company competitors (and they are all bigger than us), employ employees to scrutinise all press releases. The last thing he wants is a deeper pocketed competitor alerted to a potential purchase of some juicy drilling locations. So the best thing is a policy of almost total silence. I'm sure we will soon see.

I think its almost certain that Brad and the team are working on a large deal. Its not just a few wells, thats been worked out months ago. This is the time to top up or hold because once the news is released optimum opportunity will have passed. All we have to do is be patient, the worst thing we could do now is to become impatient and sell, and live to regret it.

OK thanks for the re-assurance, you dont sound like a dewy eyed youngster anyway. Let us know when you get into the 7 fig club. Its not that easy loading up without spooking the price. Best of luck mate, I'll be offline mostly for the next 10 days, gong to Cornwall then Devon, taking advantage of the good weather.

Looks like we have bottomed out with prices now rising, WTI at $94.88. WCS diff from WTI is very low at $14 as well. Saudis and Opec want the price up, and are cutting production to achieve it. Looking good for Canadian oil producers. http://fuelfix.com/blog/2014/09/16/oil-rises-on-prospect-of-opec-output-cut/

trade marked as a OK trade, delayed publication ordinary trade.

just seen a 100k buy tdalamh, perhaps they've been struggling to fill the trade at the requested price.

I would also echo Magnums sentiments. Certainly liquidate other stock to buy edge if you want to, but I would not loan the cash. I have seen that happen before on a "cert", and then the unthinkable happened and now they are repaying a debt for nothing. I have a holding here that I would not like to lose, I dont expect to lose it as it would effect my lifestyle plans (forced to work longer), but it would not put me in any debt. Even if a stocks a cert don't do it, only play with cash you have, borrow none. Same goes for drawing down on mortgage facilities etc. I know of another friend who moved a large AVC into a pension SIPP, then bought 100% into GKP, he's now facing a 50% loss, while that previously managed fund has risen nicely. He's luckily young and has a profitable business so can absorb the loss... and hopefully learn from the lesson.

Some of his team have also been very successful, if fact building up their own oil company and then selling for multiples of the original price. The exact same strategy which Brad wishes to repeat.

News of a fairly aggressive drilling campaign would not only stop the slide, it would be a catalyst for a sustained rise. More aggressive the campaign the faster the rise.

One important factor is the risk factor of this stock. So many other oilers actual have as much potential that is to multibag but in my view a lot more risk, both in political and in geographical terms. I've invested in promising but wildcat drills before and their success rate is below 10%, needless to say a fair amount of investment was wiped out when in came that expensive duster. Here the drills are some of the cheapest we've ever seen, and the chops down hole pumps pump the heavy crude into a tank and thats it. Simple but effective and cheap to run, with minimal taxes and royalties. Thats why I'm prepared to take a larger than normal stake as I feel the investments very safe.

Several investors who know the potential of this stock, the buoyant Canadian oil market, and the significance of our already declared and potential reserves are steadily buying up significant volumes of this stock, over the last 12 months. My estimations that there is only about 37M shares now left in free float. USA refinery production rates taking advantage of cheap energy costs (biggest factor in refining), have been steadily increasing and will continue to so for the foreseeable future. Current projections look buoyant to at least 2020, while European refiners go to the wall. We are already seeing fast tracking of production expansions which will match demand with increasing supply. However when supply starts to decline against supply with acreage prices rising, enter Brad with some excellent proven reserves and plots for sale to those cash rich, asset poor producers. A very neat but simple plan.