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we all know HAA failed several times and that the sp was 0.6 a few years ago. and then jumps on news.
we also have saudi licenses. It will probably touch 0.5 again if no agreements. but if there is, we all know how the SP moves UP.
Fortunately this isnt all about ethiopia. Saudi regime is much better for investments with investors that habe tonnes of cash
even if they miss the 7th july deadline, there will be a guaranteed 2 to 3 months extension. Its africa dudes.
they just raised £7 million at 0.8p.
They will easily get the syndicate signature and the money as well.
thanks to those guys for repeatedly highlighting the licence risks. lmfao
dont forget egdon will be drilling two more holes next to wressle . pennistone something .
imagine the 3 wells providing 1k boed. revenue with that would be $40 million, But that is far away, possibly next year.
Are we also due a wressle update on something,
All placing shares appear to have cleared. According to the the volume traded since march 28 (admission of the new shares), there are approx. more than 400 millions sold.
https://www.marketscreener.com/quote/stock/EUROPA-OIL-GAS-HOLDING-4004932/charts/#
everthing looks bullish.
rns stated it would start drilling between aug 15 and sept 15 depending on drill availability. Looks like the cool looking stenadon is awaiting for 15th aug ???? exciting indeed.
from a regular poster on i3e
"1) The Serenity structure is relatively simple and I believe that two or more drills will be required to proved up 100 mmbo, however, with one drill the expectation is that they prove up 50 mmbo to add to 2P reserves. In a world where investors are focusing more on cash flows and less on reserves - thats all they need to Sanction a development. Remember, Tain only has up to 18mmbo and that was sufficient for them to plan a development..
2) Chances of success - the geological chances have to be pretty high, they all ready have found the oil, its a question of how much. "
10 mmbo already exists so even if another little 10mmbo is found, should be very good for development.
I think someone also mentioned that it would be able to produce about 28k bboe day (opinion only)
looking better today with lots of buys and possibly a few normal seller.
limited buy to 100k shares now. Finally drying up.
still give it this week.
We need a nice update, like an interim report (july/aug) showing some nice net profit.
patience dude. 99% of the time on AIM, ive seen SP fall below the placing price.
This has kept very stable above 2p and i think its because of the serenity value.
You obviously have normal sellers and day traders as well. Lets give it this week
must be close to ZERO .
As soon as the remaining is sold, the SP rise will be unstoppable because everyone will look forwardd to the drill results of serenity.
Trust me, you will not get millions of shares available even at 3p, 4p etc. The SP will have to be rally high for sellers to part or even partially part :)
with around 400 million placing shares to sell, the SP was pretty stable at 2.1 - 2.2p.
Now with probably a few millions left, i would assume SP to stay here for a couple of days.
Look at edr. Eog mcap is lower even though it has serenty well news in 2 months.
6p before serenity spud.
gla
but 5p only outs an mcap of 5 million. Wressle income at present and the other two next to wressle will further add much more income. That alone is now worth more than 5p.
Then you have the irish gas assets, morroco.
Then you have serenity :)
5p is like the 1st phase of the rise.
Aimo
has been within range 19p and 23p for about 4 months.
nothing much.... simply traders buying in dip i,e 19-20p and selling it at 22-23. ive been doing that.
usually rallies in june to august.
99% sure we see 23p next and then depending on half year upadte, will either rally or stall. Depends on gold output and obvious gold price.