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Donkey Hill is CLEARY more a liability than an asset, they cannot fool folk anymore, game's pretty much up !!
MildTiger,
Hardly a selloff was it lol, a total of 6.5m shares traded today, about £27k worth, out of 4,390,000,000 in issue !!! get over yer self lol
"" I can focus on fundamental analysis of the company""
Snowflake - Cinder's,
Yeah,Yeahh, like relying on such "company" analysis has paid off for you so far lol.,, if ONLY you had listened to me at 1.6p you would be singing a different tune !! ner mind !! Ohhh you blinkered me out lol....
Actually agree with that WG, it is simply to avoid decom at Brockham, but then, they can at least state they have tried every which way they can to deliver from there, even though the writing is in reality "on the wall", and it strings it out for what ? another 2-3 years lol.
Ocelot,
It is likely they will see some early increased productivity, which "may" last for a few months, but I will be extremely surprised if it is sustained for longer than that, part the issue being wellbore replenishment (permeability of the near wellbore reservoir).
That will likely result in the ESP (pump) running intermittently, rather than full time, and the issue with that is ESP's do not like intermittent switching, it severely impacts on their run life.
SB,
I am not overly convinced about Brockham uplift, personally I think Brockham is borderline even being considered an asset, and I don't put much potential in the workover giving any additional production of significant note, likely doing well to pay back the cost of the works.
They could always eventually switch it to a water "disposal" well, always a need for that. Anyway, guess we will soon find out what benefit this effort will add.
I would have thought they would have been far better focused on getting the velocity strings etc sorted and in at SLBY, to spread the cost and workload out there a bit, and support the possible ability to increase gas production.
WildTiger,
That is a bit uncalled for, Angus is not all bad, it is just carrying a lot of baggage from past director/s etc and their poor or deliberate decisions.
That said, there are "potential" catalysts that "could" swing this round fairly quickly, the main issue is either they (angus) are not doing anything of note (munching hobnobs knowing their salaries are covered for the foreseeable from SLBY chugging away) OR they ARE working hard behind the scenes and simply not saying anything.
We don't know 1! but I would never dismiss them actually coming up with something that "could" swing this.
I don't believe the recent price movement, though small in reality, is anything to get excited about and appears as with the previous recent movement and fall back to be nothing more than the same, time will tell.
Well I cannot comment on what you have on your screen but absolutely no issue to get a quote for well over a million shares, now and before, not that it really matters that much, there's plenty floating around, and volume of any reasonable amount is healthy.
Ii
""Having checked my broker, they only have 21,000 available at 0.5p""
No problem getting a buy for 1.5m at 0.48p so no shortage as some would suggest.
And before you get excited, to the right because the master of confetti will be consolidating again soon enough !!
Insidious,
PMSL proper,,, well yeah, but even a brick bounces if it drops from a great height !!!
Not long before it moves the decimal point another digit to the right !!
We can whinge & moan about the company about this n that, moan every day about the SP, biyatch about each other and our views.
BUT the drill bit is now spinning, the seismic etc only gives best indications, drill bit always rules the results, and this is likely the most active year Chariot will ever have, both on shore and off shore, any success on shore is located extremely well for quick turnaround to get it producing to market.
Lets try focusing on the prize, that will hopefully transform the SP on success. Not long to finding out !!
Thing is, they are not actually lying when referring to the billions of barrels of oil under the Weald, it is there, unfortunately it is immobile oil, and will never be extracted.
Yeah yeah Peee booo,,, I will happily maintain my 30+ years of industry knowledge & experience over your ermmm high end contributions NOT !!
Hope you find a use for all this worthless confetti your clinging on too !!!
Peee booo I don't punt blind movements like that, best way to lose money..
Thanks for your concerns mind !!
That said, I would be very happy for most folk here, if it rallied on something viable past a penny or whatever, for those that are long suffering.
Ohhh dear Catsteffan ADRIAN !!! Tickkk tockkkkkkkkkkkkkk,,, give my regards to your sidekick Peeee Boooo over at the X/inst gang !!
At least it is painless !!!
Ahhhh cinder's, I knew you didn't have me on filter, because you never know when a little nugget of something useful might be posted, well the useful bit today is use such market play to make money when those behind it are doing so, unless you simply like to hug n hold to the death !! each to their own, and all that JAZZZZZZZZZZZZ
Well Mikeee, rule of reality is if a rise is deemed unfounded, then simplzzz take advantage of it and wait !! otherwise it just becomes one of the many rise & fallbacks that occur, far more to be made through these opportunities than to sit waiting for the ever further away grand finale price.
Ohhhh lol,,, OK so over 2 BILLION floating around, and lets not forget our friend Mr Forrest can do what he wants with his !!