Member Info for dai2belts

@No1, this IOG chart shows things clearly
https://www.zonebourse.com/zbcache/charts/ObjectChart.aspx?Name=14424335&Type=Custom&Intraday=1&Width=805&Height=650&Cycle=DAY1&Duration=9&Render=Candle&ShowName=0&Locale=en

@No1, its doubled, but on what? too Risky for me after doubling..
Recoup when your sure the odds are in your favour, well as much as you can..
Have you seen IOG, string of bad luck, just had a failed drill, 3 of the BOD swapped the following day, followed by calming RNS, bounced back today.. Calming RNS came just after I went out :(
Not sure what it will do tomorrow
https://g.co/finance/IOG:LON?window=5D

I have been looking to see why the news generated such a response..
In 2020 they had 4 licences, Timor, Peru and 2 UK
Now just Timor(75%) and 1 UK(32%).
Timor, where shell made a discovery, 25m gas column, on the flank of a resource
gross Mean Prospective Resources of 3,368 Bscf of gas and 30 MMbbl of condensate, equivalent to a total of 591 MMBOE..
So the extension is big news, otherwise the licence would be lost..
And they would have just 1 left..
I guess its only being appreciated once nearly lost, or the update brings hope of a drill, but thats a long way off
Interesting trades, especially times

"The licence commitment is an appraisal well and, based on previous intimations by Baron, the cost for the well would be around US$25m. We believe that the earliest a well could be drilled at Chuditch would be Q2 2024. This allows about a year for well planning, procurement, permitting and rig mobilisation"

20-Oct-22 13:45:56 0.2477 55,000,000 Unknown* 0.27 0.285 136.24k
20-Oct-22 08:30:49 0.22 50,000,000 Unknown* 0.27 0.285 110.00k

Trading volume stats a mess... up 82%
Volume -1,241,420,740 ( negative)
Vol. Sold 1,724,645,618
Sold Value £4,073,309.68
Vol. Bought 1,048,344,890
Bought Value £2,462,151.28

who knows, a pump 2 years yearly ;)

Boil, Just 2 projects, Timor-leste, needed an extension because they had not managed to what they needed to do in time, no certainty they will drill .. Doubled on a life-line..for ??

Its easy to lose money ;)

@KevR
Nice comparison two movers, QFI just back to 6 months sp, and IOG
https://g.co/finance/IOG:LON?window=6M&comparison=LON%3AQFI

Then select 1 year, remember IOG/CER project 1st gas in March. QFI all dependent on trails, nothing at the moment

@KevR IOG

5 Year ...-53%
1 year....-64%
6 Month -71%
1 Month -57%
5 day,,... -42%

At the moment their shares are a less the He1 peak this year, and IOG have the backing of a Warren B company, CalEnergy Resources..
https://www.offshore-energy.biz/iog-marks-historic-milestone-as-first-gas-flows-from-uk-project/
8p looks like a missed opportunity, unless the next job has issues..

@KevR So QFI, more than doubled, yet no significant news,?
and I dont see anything justifying BOIL more than doubling. ?
Tower jumped 50% on some warrants..?
Whose next. must be pump and dump season..

Lol, I was watching IOG, nice and steady, so went out came back, boom...
Cant imagine how those feel who sold sub 8p this morning, some bounce
Just wonder if it will keep rising, as there is maintenance due, and the other well to stimulate and complete.. So must be some concern there, need to see how long that work is expected to take, and consider the window in between

I guess thats what happens if your connected with CalEnergy.
My luck on timing is not good this year, popped out minutes before IOG's calming RNS appeared, followed by a 35% rise from yesterdays close followed.
Checked in on QFI just before it went on a run, but resisted getting spiked.
Any Keith Oz, fingers crossed someone here picked some up ;)

@KevR, Not sure what to think when they are exchanging shares at a value of 4.32p, which is a big premium, and the deal values the acquired company at 80m, which they already own almost half, thats a lot more than the current MC £22m..
But I guess to be agreed all must believe that valuation is achievable, so plenty of upside.. Has the mind doing over time..

@Keith, Well is in 5 sections, I assume the 9 5/8' shoe is the casing of the 12 1/2' hole, so the 3rd section.. could be directional though

@keithOz. Thanks for that, There are so many companies I go off track so easy...Ended up on TM1, who are intending to swap shares for full control of another company, each TM1 share valued at 4.32p, while at the time of the announcement they were just 1.4p, intriguing stuff, a bit like magic...

£200m, for 22mmscf/d, :) , Junes update suggested more than double that as normal, no wonder Warren's energy firm likes them.
IOG, They seem to be having a string of issues, which might be adding to the sell off, and/or maybe its the fact they have further operations to complete at the other Southwark well before bringing on-stream, so maybe losing confidence..
I did not notice an explanation for the drilling fluid loss, either, so more doubt..
They mentioned losses drilling out of the 9-5/8" casing shoe, so that must be close to the production zone, but I have not seen the well design. maybe people are concerned about a possible path for gas to escape, mmmm over my head..something for tomorrow,

I believe, hydraulic stimulation and commissioning operations, not sure what the risks are with those jobs. ??

@KevR, I see a miner, all time low after a placement, just £375,000 before expenses, so not sure what thats going to achieve, other than +25% dilution, and wages... ROCK, learning list..
Seen Troajan was looking in there earlier in the year

IOG, bad day today, drilling issues, losing drilling fluid, so cancelled driil, and moved on to next job in same formation(I believe), which is still expected on steam Q4, big drop, I expect they have released a Megalodon, maybe two

You should check out his favorite rolling paper, too good to smoke,, it holds secret when unrolled
https://image.shutterstock.com/image-illustration/old-pirates-treasure-scroll-map-260nw-612733031.jpg

I thought Strike was the french word for festivals ;)

Just for interest..
https://www.offshore-mag.com/rigs-vessels/article/14284422/dozens-of-lngladen-ships-queue-off-europes-coasts-unable-to-unload

@Muscles, I bet is favorite c0cktail is the Grifter

Sbrom, I never thought I would touch explorers, and AIM stocks..
Small change, Mmmm.. I used to think that way, but plenty of investors build a good position that way, even a free ride...
They just don't mention it for fear of being chastised by the LTHs.. :)

@latorre, even if someone answered all they would do is waffle..
On that EOG/I3e drill, one of the posters became aware on the friday that the rig operators had requested, ships for the sunday to pre-lay moorings for their next location. So emailed EOG/I3e, who simply replied it was to early to arrange rig demob.. Monday morning drill was announced a duster.. Friday was probably to early, but not monday ;)

@sbrom, So far I have only had dusters, luckily mostly profit has been lost, but that is only because a few posters were willing to share their experiences, so while the going was good I over bought, then took my initially investment off the table..
If I did'nt do that I would be almost wiped out, just wish I took a little more of the profit..

ADV, drilled an appraisal well, unimaginable it would not be a success, on prognosis until results, not commercial..
He1, days before result, the mention of being almost ready to speak with off-takers, washed out, untested
I3e, Appraisal well, to confirm resources, water wet, not even the expected sands
EME, on prognosis, gas clouds :(
......
There are plenty of successes, odds on this will be..about time one came in..
Just plan for the worst, and dont bet the house, there are always other opportunities, unless your broke..
Saying that, sometimes the brave are rewarded, fantastically