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In this game...COPPER can turn into GOLD overnight....just look across at he1....20 BAGS....in space of few days..we did 3 BAGS few mths ago....from 0.07 to 0.28...could hve gone onto do another few BAGS had we hit 900bopd....still time for that....our 7MILLION brs aint going anywhere...
Today DAY 10 will be completed....so tomorrow is 1st possible day for RNS....
lets hope its all positive....DAY 14 = SUNDAY...at latest we get RNS early nxt wk....not long to go now...
GLA genuine holders
Would have liked anpther BLUE DAY after 50% rise yesterday...but to be honest can't really complain of -2% after yesterdays rise....almost touched 300million on volumes front...consolidated nicely...today...tomorrow we will be in DAY10 ...they said 10-14 DAYS...rns could land anytime now ... traders will trade good luck to them...for investors its too risky playing the swings imo..just incase +ve rns POPS . 40bopd to 900bopd....not long way to go APRIL is around the corner.
HAPPY DAYS!!!
If you want to BUY ...pay FULL ASK....
If you want ti sell....mm's letting you sell bucket loads at PREMIUM....
Just need good FLOW RATES now....then ... πππππ.....we could see NEW RECORD on volumes front
No-one can take that 7million brl of oil from us at schb...
what many are forgetting on aug 17th..many were saying schb2 was a failure and we were doomed....then came the discovery rns on 18th....2BILLION was traded..in anticipation of 900bopd flow rates.....we almost did 100% in nxt few days....
900bopd is still possible ( april )...
Many had written he1 off at 0.19.....then it went ballistic....did 20 bags.....
In aim anything is possible....here atleast we have that 7million brls..we just have to do bit of tuning to get it to MAX FLOW RATES...
The sand jetting operation is expected to take 10 - 14 days
Today we are in DAY 9 ...rns of new HIGHER flow rates expected from tomorrow onwards...
Gives us a nice platform to rise to around 0.15-0.20 ahead of news...thats if it comes early next wk...DAY 14 = Sunday
Just a reminder when we went from 0.08 to 0.27 last time we did not do it overnight...it was done over several days/wks...
HE1 did not do 20 BAGS from 0.19 to almost 4p overnight too several days...
We will not go from 40bopd to 900bopd ( x20 ) overnight will take few wks...
Looks like the TYDE has tuened here...good luck all genuine holders..
HAPPY DAYS!!!
Its been very tough hold ... saw this go from 0.08 to 0.27 .... in next to no time...didnt sell because i believed in the company and assets it had...we got down to where we are due to mismanagement of company..loads of pi's lost confidence and left...
Fast-tack 4 or so mths looks like we are on the amends..and bod has learnt from their mistakes....hopefully fingers crossed...this 900bopd from schb2 is not far now ( april ).....first thing is first....lets get on other side of 100bopd in next few day...perhaps lot closer to 250bopd.....
M/c even now after todays rise..is silly...especially as having something like 7MILLION brls of sweet black oil...there is lot more to go imo....recent highs of 0.27 should be smashed in nxt few wks/mths....
Can't wait for 900bopd in april...and really looking fwd to 2nd drill at schb2...
HAPPY 50% BLUE DAYS!!!!
In about or so wks we should have improved Flow rates..hoping for 200-300bopd..
In April if everything goes to plan...we could be back on track and producing 900bopd..
Where we have waited 4mths+ another 8 wks wont break us..
Key..we are fully funded..
GLA
Fingers crossed..all goes well with work being carried at schb2...and flow rates are improved..Schb2 has taken its time and money..better late than never.
Rns could drop Monday morning at earliest if not then sometime during next week..just hope this finally gets sorted and we move on with other drills..starting with schb3 ( possibly in q2/q3 )
If we can somehow get to 500 bopd at schb2 that will be something like $14m+ in revenues per annum for us thats more than our m/c right now...if anywhere near 900bopd we are looking at $26m...that just from schb2....others wells will follow on this field...
This company can indeed be transformational multinagger in the making from these levels..thats IF the Bod gets its acts together and sort schb2 flow rates out.
Hope to see +ve rns early next week ( we need it )
GLA
It was around these levels i started to accumalate when i first got in...averaged all the way up..upto to around 0.23..we almost hit 0.30 before the drop..in my view Bod played their part in loss of confidence....placing was done at 0.15p.
Nxt 5-10 days will determine where this company is heading..i am in the camp due to all this time they have had to sort this mess out ( flow rates ) of those who think the outcome will be +ve...anything this at or above 100bopd will do for now..then within weeks 250bopd...thereafter 900bopd+ within couple of mths os so.....i am sure somekind of plans are already in place for schb3 .( looking fwd to that ).
I anticipate we will pick up on volumes front as we approach rns..we could easily be around 0.12 be4 rns and the well past 0.15 on +ve rns..real monies will be made on achieving 900bopd at schb2 which i feel we will in times ahead...and then on drilling schb3..
Aim is risky always play it safe...
ATB
Passiton.....too many playing the swings for 5%/10% on aim....when u have anyone showing their hand above 3%...too me thats a MAJOR buyer hence it has to be reported....UJO might not be a MAJOR in way of financial muscel.....but they have parted with something like Β£650k...that indeed to me shows CONFIDENCE by a tiddler
There we have it...two tr1's dropped.....more to follow imo...i will be surprised if we dont have other MAJORS being added to share register....
Its early days but it looks like.....UJO wont be selling anytime soon ( gone in sticky hands )...if anything ujo have indicated they will be ADDING.."initial"
Tomorrow ...newly issued shares will hit the market....most of those who wanted to sell would have fwd sold.....already we have traded something like 1.8Billion since placing took place....point of note...many havw suggested and i also believe.....fwd selling started on day of rns ( monday 11th ) on that day we had 900m traded since that day till now...in total just under 4Billion have traded......the way mm's dropped shareprice on the 11th ( rns day ) right from start...was suspicious...u do not get some 20%-30% drop on what wasnt that bad of rns...yes we had delays...but 900bopd was confirmed as possible rates in near future.....the drop was manufactured ..1. fwd selling....2. mate rates for placing...
I am looking fwd to up coming tr1's.....some of current trl holders would have been diluted...whether they added during fund raise or not..will be know via TR1 disclosures soon....will be interesting to see....if and how many new ii's have have more than 3% holdings
Correction
"Here at bce...we dont have that problem....of exploration risk...we have drilled....have increased our reserves....between pre-drill levels of quality of oil...."
"better pre-drill levels of quality of oil" not between
When exploration drill is about to happen/start...there is bit of BUZZ...are they going to find oil?.....is it going to be pre-drill estimates...will the quailty of oil be good bad....etc etc....just on anticipation shareprice can go up 50% 100% 200%...then from there results of drill decides where shareprice settles....
Here at bce...we dont have that problem....of exploration risk...we have drilled....have increased our reserves....between pre-drill levels of quality of oil....
Key was always going to be BOPD....due to historic figure of 215bopd...from schb1...many were nerves on the edge...all of us would have been happy with mean of 600bopd.......well...guess what....forget....600bopd.....the TALK in TOWN is.....we most likely will be producing at 900bopd or even more...in about 6-8 wks time....
Only reason why we are down where we are is for 2 reasons...1. unexpected delays 2. unexpected placing....
Many of us are not happy with the way things panned out...and the manner they were done in.....whats happened has happened....no point sulking now.....MATES have been let in from backdoor...at discount price ..not first time this has happened on AIM...nor will it be last....
Going FWD....some 2.3B bew shares will be issued...some will go to ii's who wont be selling....most likely TR1 from them from nxt wk onwards..i also believe Tulip Oil...would have increased there holdings....of 4BILLION shares...would be interesting to see..if DIRECTORS of beacon...or RHIEN took part...
After dilution with some 13BILLION shares....our m/c will stand at
0.15 = Β£19.5m
0.20 = Β£26m
0.25 = Β£32.5m
0.30 = Β£39m
0.40 = Β£52m
0.50 = Β£65m
0.75 = Β£97.5m
1p = Β£130m
1.5p = Β£195m
2p = Β£260m
Key thing which many dont see and are missing...900bopd will be from schb2...we will also have two further wells...so you are looking at near 3000bopd...just from this field...within nxt 6-12mths...
3000bopd = Β£60M/yr profit at brent price of $80...profit/brl = $55
Larry did say....development plans will change...most likely...FAST TRACKED...
i wouldnt be surprised if further ACQUSITIONs are made..they have been looking at one for some time now...
Then you have other fields... Steig already DISCOVERED...just need bit of tweeking...then we could be PRODUCING HIGHER bopd from there...
BIGGER price imo....is the TRANSFORMATIONAL Weinheim exploration block....where there is potential of 150-180mmbbls...
Yes placees...have been GIFTED these at MATES rate...good thing is...we can we have the funds to ADD at same price...
dont think what monday / nxt wk or so is going to bring to the table....there are too many traders...so shareprice will be volatile up and down...just ignore the swings...if u are an INVESTOR...and see where we are at..lets say CHRISTMAS time...
GL and SWEET DREAMS