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This story could now be picked up by the telegraph and the times before the tabloids pounce on it. Today is going to be fun once again

Today's financial times! https://markets.ft.com/data/announce/detail?dockey=600-201805011000BIZWIRE_USPRX____BW5671-1 This is really going to be picked up today.

Rigs only suspend work for hurricanes etc.

Rigs only suspend work for hurricanes etc.

If successful I think we shall open about 25p. No doubt it will quickly rise as news agencies write stories. We will probably end the day at 35-50p and rise to 70-100p during the week. There's going to be a lot of fun come good news here.

I just never understand why a few here say they have a small holding yet are on these boards all day being negative. When I hold shares I hold because I believe they will rise. Sometimes they head south but sometimes I short but mostly I buy and I'm positive. I'm very positive here though annoyed at the placing and the timing of it. Knowing what happened to GKP 9p to over £4 then back to pennies its all about timing. The past was poor for CHAR but it's doing great things currently and deserves success. As do we all.

So ENI are spending $330k a day to find oil when all they needed to do was ask wolf about his feelings?

My calls have always been spot on gooner. I may have predicted 20p a little too early but we were all looking at 30-50p pre spud. What's made a complete mess of predictions was the placing. Suddenly our stakes were reduced by a third. Previously I was predicting 140p I now predict 70-100p on RD1 success. I'm quite confident of this because of our surrounding licences being derisked and then the upcoming Namibia drill. Naturally if a duster then 8p.

Gooner I'm amazed you went above 5p

Success is 70-100p Oil is higher than Peel hunts guess We have a third more shares sadly We have more cash Adjacent licences derisked. Enjoy the ride

This is getting better and better. Testing only takes place if oil is found.

I'm guessing it's wheepo selling his 6m shares.

I too see a pound. My estimate remains 70-100p for RD1 then we add in cash and other licences and we could see 100-150p before Namibia. After Namibia if successful we will be at 250-300p

Don't worry oily. Girdy never believed me when I mentioned 100 trades signalling price limits for a large buy order one mm had.

No news is good news. We clearly have oil it's just how much

I think it reached 270p back in 2006. Then it fell!

I too had the BLVN blow up. you win ome you lose some. Its the name f the game here. YOu are correct though we are in line for huge 300k kind of gaines here.

My biggest win was cable and wireless. But in oil VOG back in 2006 pennies to pounds.

I followed GKP on its first drill. The shares were 9p the day before. I bought at 8am the next morning at 19p. They closed the day at 29p. I believe we will open at about 20-30p. During the day there will be plenty of news reports mentioning CHAR. Brokers will then give updates and projections suggesting target prices of about 70-150p and the shares will climb to about 30-50p where they will settle for a while as people cash out and others buy for the next news/drill. By September we should see 100-150p and be sitting very pretty.

Except it's not a 25% chance is it really? Oh for for sure because there are no surrounding blocks with oil which would increase COS but they simply have not been drilled. Then we have ENI whose success rate is 50%. Im banking on ENI because we know their history. Our surrounding blocks go to a COS of 75% if RD1 is successful. But then your not interested in success are you?