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Anything above 50 will be a commercial rate. Also if above 50, the plan would be to do a horizontal drill which boost production by 10-12 fold.
That’s because we are expecting 2 sets of results and each testing zone takes around 10 days, so the second results will be in coming weeks. 🤷♂️
It would be nice to have it today just before the US opens. 😄
I believe the Mcap went to £600m two years ago before the RNS announcing well plugged and abandoned. I still expect the Mcap to reach £600 on test results.
I have 8.8m shares so hopefully a nice return. But still not enough to buy a house cash.
Exactly. Now I can see some closed their position realising their mistake. lol
Unless AI was in charge and created the shorts for them in the first place. 😂
Some people have started shorting the stock today as it increased 20% thinking it will now go down. My guess is that they will get burned as this is going to keep rising until the results, which will be announced on or around 10th March.
They should not start shorting this company until the SP is well above 1p next week. 🤷♂️
This is what they always said. Rig moving on the 17th and flow tests starting after 7 to 10 days. All is going according to plan.
My expectations are for the Mcap to reach £250m days before the results are announced.
If commercial flow is announced it will reach close to £1B on the spike before settling down back to around £600m.
If no commercial flow, then the £250m peak will go down to £50m
I will be selling at £250m before results are announced.
I’m putting my sell order at 3p ??
Here are the recent short position on OTC
Date Close High Low Volume Short Volume % of Vol Shorted
Apr 05 NA NA NA 18,224,997 3,347,625 18.37
Apr 04 NA NA NA 24,903,867 2,719,328 10.92
Apr 03 NA NA NA 51,317,763 11,605,753 22.62
Tomorrow is the full moon. Any news within the next 14 days after that would be bad. News have to be tomorrow as it is the last day for getting good news.
Why would the news tomorrow bad and from Saturday good? ?????
Yes people have been selling this week to lock in losses or gains before the end of tax year. Tomorrow people will buy again strongly I expect. Australia and LSE market will be closed on Friday and next Monday. But I think the US market will be opened next Monday. So I suppose new could be released in the US on Monday rather than Australia on Tuesday if there is no news tonight or tomorrow morning.
A reading confirmed that I will be able to sell my holding between 2p and 2.49p before 7 April 2023.
@marc001
I am not saying it will happen this year nor even that I believed it will happen before the end of 2024 as there is much more work for them to do. But based on their assets, there were people saying years ago that this company had the potential to be a £1b mcap. So I guess their assets still being the same as 5 years ago, the potential is still there. Of course, the SP will now not reach the £1 mark as there are much more shares dividing the £1b mcap. But still it will be good. Personally I am hoping to see 10p by March 2025.