Member Info for BumblingFool

Jaggers I think TO is unlikely as has been pointed out it would most likely have to be hostile and the big players understand what they are sitting on. I might take ~35p but I’m not sure the big boys would!

Good interview, no doubting his confidence going forward, definitely wants the multi rig action on CPO5 which is positive, no real new info though.

BBN I do love it when posters provide solid researched arguments. Great posts!

BBN totally agree with your argument and I think that’s the view at AMER, hope your right and ONGC get a wriggle on! Guess having waited so long for Indico my personal expectations of ONGC are low. They haven’t issues any further tenders eaither which doesn’t fill me with confidence that they are getting a hurry up. Steady progress is ok with me though I’d rather see it accelerated!

We now know how long it takes to dismantle the rig and rebuild the rig, and how long it took to drill last well. We should be able to fairly accurately estimate lead times for the whole pad. I was hoping for a second rig mobilisation announcement along with the spudding, I’m still not convinced that’s going to come, ONGC seem happy to plod along!

I note PH broker note from 25th Jan gives target of 22p up from 20p. I haven’t access to the actual note. T50 do you have a link or can you post the extract to which you refer?

Thanks big smoke clears that up

Very strange and shows trading from 25th.

I averaged down yesterday at 375. Can’t see it getting below 350 at worst as we bounced off there a few times in the not so distant past. I’ve not seen any recent TO murmurings however Q3 results were ok and we are on guidance for full year. So things should improve on final results. I’m hopeful of 475 or better by June

Ha ha, don’t think my measly investment will be impacting the SP. looking like a poor decision on my part today, not for the first or the last time I’m sure!

Sold out today, motivation was to average down elsewhere and I was in nice profit here. I may regret it if this pushes on as it really should do but I’m gambling that brexshit uncertainty might let me back in here at or below this level before March. GL

Not for the first time the market response to great news here is underwhelming. Really thought we might have said goodbye to 20p. Still the news is good and work continues!

Very positive update, hopefully smash through 20p today and leave the teens behind for good.

I liked the monthly updates but the did cause the SP to rollercoaster a bit. Would have been helpful if company made it clear when the quarterly updates commence. I have a feeling it might be end of q1 2019. I think spudding news is likely this week though or next week at the latest. PIs often end up frustrated on AIM shares by predicting when news will come to be disappointed!

You might find this article interesting

https://www.standard.co.uk/business/giles-clarke-the-cricket-nut-who-swapped-retail-for-oil-on-his-latest-innings-at-amerisur-a3463606.html

Decision on further drilling was to be made in 4 weeks. It’s only 15ft net pay. No news in this case I believe is no further drilling planned. Think it might be a case of no news isn’t bad news!

Wilec, I’m of the view that there is no secret communications between MMs in trading patterns. If there is I’m sure they would be sufficiently sophisticated that you wouldn’t be able to decifer them. If anyone including yourself is timing trading decisions on the observation of other trades then you must be nuts. If you are not then there is no need to constantly fill up the board with such drivel

Don’t think Tinkler will be best pleased

It’s no wonder your previous post resulted in abuse, if the research in this post is anything to go by

Why?