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Sent Xu and email yesterday afternoon expressing my concerns about the results that were due in April and they pop up today lol…..had a bit of a go at him about how the company presents itself to the market which is evident today as there is not one trade! Says it all really. Also needs to stop using the word ‘satisfactory’ even when the news is good. Highlighted the fact that they need to expand on what they tell the markets about their specific projects and JV ‘s as it is far too vague and there is no clarity from Tinci how they will contribute to income and profit and future expansion of the company. I suggested a quarterly investor update on all projects. One interesting piece of news hidden way is the recent contract win with China Oil. Its only small but they definitely have a foot in the door and will hopefully lead to bigger things in the not too distant future.
Hi… hope you are well…yep still here watching my wealth drain away lol. 292, Randy etc. are still here as well but a bit inconspicuous now days on LSE, as there is not much to say other than we are waiting for flow rates and finally commercial production and income here. Just have to sit out these games if you are not trading. Drampers are rife on iii, so it’s a good sign we are at / near the bottom of this current downward phase. One thing for sure is that it will rise just as quickly as it as fallen. Just need Tej to pull his finger out with a bombastic update for us all.
Start Message))))))))BOOM(((((End Message *Yep 3% rise is boom time condisering we have fallen everyday for the last 3 weeks.
signifies the bottom of current trading range (within downward channel). Current upside is approx 16p so we may bounce if market conditions are favourable. The question is will news on GHS be enough to propel us out of the current downward channel? I think 500bopd should just about do it. We will need to retest top of downward channel once we break out and then that will provide the support for the move back into the 20's
gap filled....NOTE TO TEJ.....release good news after the market opens and we would not have to put up with this carp.
Yes in profit now.:) ...quick question...we have a clear gap on the chart from this morning from around 15.30 - 15.75p ...do you reckon this will be a problem / need to be filled in the short term? Got the same problem on RRL and RMP this morning as well.
23.75p lol just saw that....should be in profit soon once this sinks in...
True but it shows what is can rev up to if need be....especially around xmas time and the annual director party when they need extra cash for presents, mince pies and champagne. I think it is important to highlight that the 310bpd is now the minimum (as apposed to 60bopd before) and this is expected to increase (and it will): ‘The AOFP on an energy equivalent basis is at least 310 boepd at the sandface and is expected to increase after load water is flowed out’ And another: ‘It is anticipated that oil flow will be enhanced after the bulk of the load water is produced’ And another: ‘oil flowrates can be enhanced further by using equipment, such as a swabbing unit, to produce at lower bottomhole flowing pressures’ They haven’t ordered all the new storage equipment and tech upgrades or nothing. Now think about the MCAP and daily income from producing a conservative 500bopd on around $100 oil price.
About time.....made us wait and have produced the goods... should hopefully have a start of a nice uptrend now in anticipation of final / stable flow rate (which looks like it will far excess expectations). Don’t think it will be too long (a couple of weeks at most) as they are once again emphasising their urgency of going into production so they can start paying for their fry ups. ...just our luck that they release this news when Ftse / Europe tanking again on the feta scandal… I suppose we can't have it all.
It’s just too off the radar and the massive time lag between news does not help. There is simply imo no incentive to buy this atm other than it is undervalued....they need to pull their finger out and provide monthly updates or at least bi monthly updates to keep investors interested and to ‘sell ‘ the company to the market.. They have a lot of potential but we have heard nothing about their supposed JV with Sinopec / China Oil or how their most recent investment is going to add short term and long term value. Their change of business plan last year has not helped either as at least under the old plan they used to announce contract wins etc. Market cap under £3mill is a steal but not if you don’t promote the company.
getting painful.......
Give them an earful from me...anyone would think they are still hibernating after a long winter....lets hope that minty had depleted his fat stores in time for revealing our flow rates. Remember its not all about punty short term….atb Gary
Few sellers this morning locking in profits from Friday…may prove short sighted as we are definitely due an RNS updating the SPE news though ENEG’s perspective and may (hopefully) include updates on other projects which will catch these sellers off guard.
no RNS...but I think I can hear old sausage fingers tapping the keyboard as we speak......
will have to release an RNS about this which should make the more geographically challenged take note as so may rely on investigate for company news. The question is will ENEG take the opportunity to update on GHS as well. Seems like the perfect time to release double barrel RNS will good news. CPR or at least timescales would also be good….it shouldn’t be too far way. This will allow the market to start to value ENEG more accurately…
Morning mate....End of the month for flow rates would be bonny….however the last GHS update was ambitious without timescales attached to the removal of the chemicals / acid and shut in period etc. Is the shut in period 1 month, 2 months, 3 months??? This needs to be clarified as well as how they plan to run the test i.e start on 94% choke at 200bopd then increase to find maximum flow at stabilised pressure. How long will this take etc. etc. Must agree that things look very good with ENEG now and for the future and the II that got the cheque book out recently would be privy to info us poor PIs can only dream about….so technically any buy now would be an easy return and we also have the 25p incentive options as well.
After months of rns / updates in quick succession…there has been a news blackout by ENEG. The positives of regular news flow can be seen from Jan – Mar 12. The negatives of no news flow can be seen from Mar – now. That’s right….we drift…on low volume….as no one knows what is going on…..Randy as you say mate….wherethe****arewe???? We need a clear timescales for GHS production, as this is clearly the price driver and the cash cow so vital to ENEG to pursue its other interests. An updated CPR would not go astray either. We have now broken through the 200ema to the downside….gulp :(
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Many thanks for your SCLP ramp...... very subtitle......
15.55 / 15.77