Member Info for CityTTrader

Its more like 70-100p on strike. Then there is the cash in the bank plus adjoining licences and then Namibia and Brazil. I still stick to my 250p by year end despite the placing. Naturally a few here think 10p LOL!

ATLANTIC MARGINS Morocco • TheRabatDeep-1 exploration well testing the JP1 oil prospect spudded on 14 March 2018.Drilling operations are ongoing. https://woodsideannouncements.app.woodside/18.04.2018+First+Quarter+2018+Report.pdf

It will soon rise to 70p on good news

Peel hunt said 87p when oil was $42. I felt we could hit about 140p on success with a higher oil price. However with dilution we could be about 90p. But it becomes very complicated if we are successful because we own adjacent blocks which then would be considered to more than likely contain oil. So I'm going for 100p.

The placingbhas been a complete mess for long term holders robbed of a third of their company having waited so long. We are though where we are and if you believed that we would find oil then hang in and hope the 4th well they drill is finally a success! Sadly though we cannot top slice and prepare for the worst as some of us hoped to do.

Soon to be much richer

Don't worry they've been like this for years. They would hate us to find oil and become rich

Er...the drill has already begun.

I never understood why someone invests in an oil company and hopes not to fin oil!

If you think that's ramping you're deluded. It's obvious this will soon be 80p

Wheepo reckons Wednesday

Todays late action means tomorrow morning will be interesting. I'm expecting the offer to be 350p but will the market want more?

Judging by todays action to 350p I would suggest they are looking at a much higher offer of 400p. Personally though I value this at 600p taking into account profits and assets. Currently just the assets are in the SP.