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Thank god for the filter option. Managed to get rid off all the idiots and children over the last couple of days. Far better without them insulting each other and talking utter drivel. Good news to come soon I think but even if its bad at least I won't have to read them being nasty to everyone.
The last rns said 5 days clean up after the rig set up ( which was yesterday) then 1 day (today) to perforated the 1st zone to be tested then 10 days to flow before we move on to the 2nd zone for another 10 days of testing. Not difficult to interpritate really. Chill .
I haven't posted for a long time or held any shares. 3 times I have held the shares I have lost a small amount of money twice and made it back last time. I am now thinking of investing again but after reading the latest update I am concerned that after this test they will then have to raise a lot of money to do lateral drilling to extract the oil. Is this correct or am I missing something?
Thanks NO FEAR. Personally although I don't want war and misery for more people I think it's about time we got involved and sorted Putin out. Let's call his bluff and all unite to show the bullies of this world we won't put up wit it.
So what's going to happen in this last hour of trading and with the war over the weekend for the opening on Monday? If the rest of Europe get drawn into the conflict then carnage. If a ceasefire is agreed then the share prices go up. You pays your money you take the chance.
Correct me if I am wrong but they are saying they are buying a 75% interest in an oil company that is already producing 110,000 barrels of oil a year in texts with a further announcement due on potential reserves? Surely this is a good move with some income about to secured if the deal is done especially with rising oil prices?
I agree Scot. I have traded this share for about 4 years and made good money. Just sold all my holding as all I can see now is drifting down as all the good news is out now and there will probably be a capital raise for the next drill. No chance of any buy out in my opinion till after the next drill at least so for me it's monitor till Xmas then if the price is lower jump back on the wagon. Good luck all whatever your decisions.