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Seems we have a pull back on SP now which was always on the cards. I suspect this will retrace to around 240p around Xmas, but I maybe wrong.
Tony- he didn’t buy them, but they were granted by the company. It’s not something he’s bought with his own hard earnt money. Read the RNS before you comment.
Torham- you are new to this forum, hence you won’t be familiar with the board. If you read through some of the posts some of these people have posted, it will change your opinion. None of their views have been fair or balanced, and they have resorted to insults, bullying and intimidating anybody me that says anything negative above this company. We all want this company to come good, but ramping on here certainly won’t achieve that.
Mal- it seems you too are going along with the foolishness like the rest. When will you accept this company has been a disaster for the past 8 months? Or are just too scared to accept the fact and this is a way of drowing in your sorrows? There has barely been any gain in the share price despite the company having a “master plan” to make this company. They still fail to update shareholders in timely manner and set unrealistic expectations. We still have no clarity on 38 and the hall marks are far too similar to 16AZ. I know nobody wants to hear it, but that is reality I’m afraid. If there is no update this week then the silence says it all.
Cautious- I agree regarding Schlumberger, as a big company like that will not keep quiet about a major discovery. Not saying it’s all doom and gloom but it’s not a positive either, and one can only conclude they haven’t quite cracked it yet. I recall BLOE were saying a while back they were waiting on Schlumberger’s results to validate their own assets, but at this rate it seems they will appraise their own wells before we hear anything from Schlumberger.
The silence on this share is getting deafeaning and I’m well hacked off to say the least.
Regarding AJW, you should know by now he doesn’t say anything bad about the company, and he continues to ramp, whilst calling concerned investors derampers. I’ve said it before he’s a paid poster by the company or someone closely afffiliated with it, so don’t take what he says at face value.
Another lambo- you really are desperate for attention. ??
It has indeed Sea7 especially with the arrival of some new Pratts that have surfaced lately.
Why would I do research on you, I couldn’t care less whether you ate invested or not....that’s for daddy’s like you to research into strangers... oh and it looks like the truth is hurting hence you keep getting my posts removed.. anyway enjoy life in your one bedroom flat in Peckham
Another lambo- made more contribution here than you. Just drown in your sorrows with MATD
Bigboffer I was asked a question so I answered. Get that through your little dumb head. I said I won’t be posting uneccassarily. I will sell out but I’m not loosing out, just waiting for another ramp from PH that will hopefully allow me to exit with sone profit. I will let you see this out to £2...
Bigboffer- did I engage in a call conversatio n to you? No I didn’t so get back under your rock.As to why I’m posting, I was asked a question and I gave a reply. Nothing wrong with that is there? Not long for Xmas now and for you to get your 50p a share so sit back and relax....
Maladoni-this is where we need clarification from the company and which is why I used the word “might”. The only incremental increase we can be sure about is the new hires, but there could certainly be others that are not directly related to operations.
Sea7 I think you’re missing the point as neither myself or Hepseal were disputing the company or well 16 production figures, as ours are similar to yours. However we were disputing James’s claims of 16az having produced 16000 barrels of oil. Here is the quote from his post
“Given WZ16aZ history of producing nearly 16,000 BoO since March 29th and increasing quantries of Gas .”
With regards to the break even level I think this needs to be revised. Remember that figure (100 bopd) was released back in April, and since then some costs might have increased due to scaling up the programme, and you have new recruits to the board that need feeding. I therefore think the break even point has probably moved to around 150-200bopd now. Therefore as you say this is still a loss making business and reflected in the current share price. Whether anyone likes it or not this is reality at this point in time. Now just waiting on the rampers to come along and start with their childish chants of deramping etc. .....
Agree Sea7 it could be one barrel over or a few hundred, but nevertheless the total is still likely to be closer to 12000 as opposed to Jame’s claim of 16000 yesterday.
James- the oil from the other 2 fields is not being stored, but being sold locally. It’s only production from 16az that’s is being stored, if you listen to the interviews.
Here’s another one of my posts relating to production yesterday, which again you never responded to as it doesn’t support your cause
“James- where have you got the 16000 Boo for 16 from?
On the RNS dated 25th September it had produced 9000 Boo and was continuing to produce at at rate of 51 bopd? But by your calculations it’sbeen producing over 100 bopd ? Confused.com”
Janes being selective again are we? I clearly produced my figures yesterday and it wasn’t Hepseal’s figures I diasagreed with and here is my post from yesterday.
“James- your post still does not make sense and is still confusing. The reported stored oil in September was 9000 barrells and the well was producing 51 bopd not the 58 bopd you state. Therefore over the last 60 days I’d expect just over 3000barrells of oil added to this, taking the total to 12000. Please can you clarify how you are reaching those figures and where you get the bopd from?”
And you will not Hepseal replied agreeing bf with those figures. Or do you only ready stuff that supports your agenda??
I know nothing mate, James is the man and yet he couldn’t even yet the production figures right yesterday lol....it’s ok we’ll let him off
Ok Willy no need for the sarcasm no one knows how this will pan out, apart the ramping crew of course.
Of course James there is s shortage of stock hence we can see the endless buys. Not!!! And if there is a shortage of stock the price rises mate, it doesn’t drop. What a stupid and pathetic comment to make, but then again it doesn’t surprise me. Yes we know you are working on behalf of the company or someone closely affiliated to it, as it just shows in your posts so stop trying pull the wool over people’s eyes. Getting paid handsomely for your efforts I suppose.