Member Info for Bridgedogg1

moving up #THISISNOTADRILL

false alarm, as you were

All signs are good, its about to go people..

The offer just gapped down, huge tree shake IMO. Looking to fly in the last hour, fingers crossed.

IMO tomorrow will blow today out of the water with a 40%+ rise. Maybe I'm bias?

Usually takes 3 goes to break a bit of resistance. We have the buying momentum on our side and anyone who read that RNS must now be searching down the back of the sofa...

Slight shake there down to 29p, now having another go at 30p range. Lets nibble at 31p this time shall we?

HFB That is a great buy! Are you still bullish on BOIL or have you seen the light with that one? ;-)

Expect 20%-30% per day me thinks. Market doesnt like doing much more than that. Mght even afford to upgrade my LSE account at this rate. Large investors/IIs dont tend to invest on the day of news. They have to meet, discuss outlook, what will they sell to free up the cash, then the money starts to feed in with the big buys.

Once this clears 31p its a nice ride up to 39p. Was expecting to see that by Friday, might now be before close today!

hahaha

I thought 31p would be a sticking point but looks like we are going to smash it

Exactly Harry... exactly. Thsi time next year Rodders....

Topped up a little at 29p. All in here and its scary/exciting.

Will continue to add as and when funds allow. Have to wait until end of the month, if its below £1 I will add more.

When it goes up in 0.5p increments you know its being let go

Imagine having 85% of a 2bn barrel discovery under your license. We got sooo lucky with than one. Basically floating on oil. This is going to be a massive company. I watch I3E with interest and have always thought it massively undervalued. We have many multiples of that potential.

Currently we’re at what was the floor price, getting through 27p-31p may take a bit of work but once that’s broken there will be gap ups to double where we are now. Then it’s news flow to show the market what we are planning here.

We have until August to plan a development strategy, I hope we have a partner or plenty of cash by then to make the most of the drilling window. I’d be disappointed with only a few horizontals, we’ve done a lot of work on the recent drill so should know by now how we will tackle it. Post drilling awaiting flow rates is going to be an exciting time for holders, share price will rocket on that anticipation and expect we will already be close if not past £1 by then. In the meantime production and therefore cash should be increasing, CUDA to be resolved.

It’s light sweet oil relatively easy to extract via horizontal drilling? Value: somewhere between £3 and £9 a barrel x 1.5bn.
GLA

BB2
Completely agree. The interview was a bubbling disaster, so unprofessional

A one day 100%+ rise off the back of that RNS makes complete sense. Just can not understand what happened today. UK investors got spooked by the initial pull back, sold out of fear rather than considering the value? Clearly a share is only worth what people are willing to pay for it. Maybe it’s that we’ve had so long at below our net asset value that it just doesn’t matter any more. The only other explanation is that PIs simply didn’t believe the information that the company has been confirming since August last year. 15 years of investing in small cap explorers and that’s got to be a top 3 RNS that I’ve ever seen - and completely unexpected. Maybe the market will wake up tomorrow with its head on straight and we will follow Canada into a 100%+ rise.

The horizontals are delayed til august. Must be the reason for the drop - impatience!? 88e drills once a year! We can now get development funding in place and build our own cash reserves. Plenty going on here. Going to be adding on a monthly basis as and when I am able.

Canada are at 31p equivalent. Beggars belief.

I think it’s a combination of the day traders and placing churn. Need to move on from weak hands to get a sustained rise. The market is taking a very short term view on this, deciding to get out on the rise rather than hold for the value. Very disappointing day for those of us that bought in but that’s investing. Tomorrow should see another double digit % rise, and the rest of the week with any luck.