Member Info for dai2belts

Hex has offered good trading since the last big drop

https://invst.ly/17wyf1

Hex has offered good trading since the lasting drop

https://invst.ly/17wyf1

Since the areal photo appears to show the results recorded running horizontal with the ground rather than straight down.. Are the bore holes drilled straight down or at an angle ?

@PortfolioPower, Thanks for replying, I must be missing something seeing how much the price moved..Being from the same pad wouldn't you expect similar results to the previous hole if you are drilling along the same vein or are the pads fairly large.. ? Or were they starting to go of course

Don 't vote for Frazer and his insolvency expert ?

I remember watching a movie where a company would put a guy on the BOD of a struggling company with the intention of taking it down for a cheap over...

https://www.lse.co.uk/rns/BOO/iss-recommends-holders-vote-against-resolutions-91gkr8gn9xeaol7.html

Thats good news, fingers crossed the current want to clear their to do list before the new guys arrive...

I can't remember where it is with funding, nothing mentioned in this thread, but being Q2 I guess its time to start following more closely..

Maybe PortfolioPower could explain it for me ?

Somebody bought big this morning...

09-Dec-24 08:05:33 13.9427 294,692 Buy* 11.52 13.26 41.09k O

20 day average volume exceeded within 1st hour is a good sign, just need to hope the sellers are not waiting on less than 20p ;)

When do the winners take over ?

Which Gov introduced the mining commission that approved Alls permits ?

Its from the same pad

How far apart is it from the other hole, or is it more like a side-track ?

LOI

. The rig is expected to complete its ongoing work in the region before becoming available for Chuditch appraisal drilling in Q2 2025, in line with earlier guidance issued by the Company.

OMJ leaves AIM and Louis has disappeared ?

Previous years that rise was ahead of the land permit and where the analysts predicted double digit prices...Plenty of Speculation

Its now a producer with a rate between 200-300 bopd, and H2 just 30 bopd... Unless H2 flows 300 bopd the story has changed..

To counter maybe H2 can be improved and there is speculation the choke on H1 can be opened to flow up to 1000 bopd. I am not sure such an increase is possible as the choke is used to balance a number of factors to produce a stable flow rate. I don't recall them reporting a higher stabilised rate and then giving a reason for the reduction, so assume it was the best achievable at the time.. That increase would be x4 an average of 250 which seems a big difference without increasing the area in contact with oil.. But I am clueless ..

If news is far enough away, they are funded, and at the bottom there maybe blips..

There is the challenge of waiting until timing is better, always hard to do

Maybe finding others, checking the history of people you respect for tips

Frazers been building a big stake, approaching takeover rules..

Plus Boo has been raising and paying off large amounts of debt, making it more attractive

https://www.lse.co.uk/rns/BOO/holdings-in-company-dt7n1kxgkob5uqc.html

GBP , JV Namibia in speculation , plus ming prospects

Don't forget QED....

Especially If typical delays to creep in, and a placing comes,..

Lol,

sometimes its worth weighing up what's on offer, which offer the best risks as losses wipe out your gains..

Matd, So much guessing needed there...

ALL, played that a couple of times and the sellers were faster than I, so missed the profits, but managed not to take a loss.. Risk now is there are plenty in below my 12.4p purchase and will sell before my target.. Maybe demand won't pick up although speculation of Ratification and Assore making another bid should temp..

Gex, 8p offers 50% at 12p, still below IPO, that would be tempting if I had not already a position.. Still is tempting.. Risk, those permits, then well condition, seed investors selling, but 50 day operation which gives time.

AEX, will it go sub 1p, and does it need to raise for any near commitments since they have a free carry.. How much of that free carry has been used up ?

Zephyr, as time moves on some will start to doubt the investor will sign, once finance is sorted, its a drill with proven O&G.. Providing people play it could be a low risk trade..

300 bopd.. .. its probably commercial but when EOGs production was +265bopd , it had a MC near £12m...

The big issue is H2, if it does'nt reach 300bopd after reworking, then it leaves questions about the structure of Heron, and where to locate the next wells.. Maybe the best locations are with P China's licence ?

Next year is another year of speculation