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Yep Robin's 3rd boom is on its way apparently. BP has also put in a bid for eneg @ 50p lol Watch the £25K chunk sells on the way up...apparently he is buying a resource company in Aus and will be ramping it shortly….. 17.75 +0.88 (+5.19%)
That 292 certainly has a lot to answer for........the 'JR' of eneg...
17.63 +0.76 (+4.47%)......well news is out. We have lots of oil and are now selling it......underpinning the company going forward.....not risk short term imo.....spread the word....
17.38 +0.51 (+2.99%) Bid price 17.00 Ask price 17.75 Could have an update coming afterall. Uusally rises day before RNS realsed. Testing 20sma shortly imo
Well 292…the photos on facebook are certainly an oil tanker and their description ‘taking another load to the refinery’ would indeed suggest we now have income..just wish they would tell us this officially…looking stronger today – back over 17p / 50sma when there is a general bloddbath on the aim today….
Sometimes two heads are better than one…especially when the 292 is involved…..you can always charge her double or register her for the Jeremy Kyle Show....
back above 17p you cheeky sod.......need to stay above 50sma.......need an update confirming removal of all acid / chemicals and commencement to flow test with timescales......and the fact they plan to start selling the extracted oil from the flow test i.e. start brining in some bloody income to start paying for those fry-ups on facebook they are so proud about....we need some clarity
take - ENEG 17.30 O 57,882 ....I was wrong. Buys at full ask.
a tick down coming buy price has dropped from 17.45 slow down to 17.18 now for 20K. Keep the good posting up Donks...well done fella lol
17p now (50sma)....bid needs to come up to 17p and stay there COP. Buying pressure still good. People are taking more interest after our wobble last week as we enter the final phase. Very low risk now....RNS have been bullish and management are confident about the commerciality of the well...ENEG will be full time producer soon....underpinning the share price and providing stability.
Another point that would have been useful to mention / clarify is what are they doing with the oil throughout the flow test. Presumably they will open it up at the old choke pressure to start with giving 200bopd. Are they planning to start shipping this for sale, hence brining in much needed income straight away? I hope so. Then gradually increasing the flow rate thus increasing the recoverable rates? 200bpd x $100 = $20,000 gross income per day initially? Going up to 500-700bopd - $50,000 - $70,000?????
sound bullish.....and confident on GH to stabilise / produce revenue / income. Still no timescale attached to long flow test though which imo is still a sticking point for the SP...investors need timeframes to stick to....maybe they simply don't know how long it will take. A short flow test is usually 3 days so a long flow test is?
http://www.investegate.co.uk/Article.aspx?id=201203300700104021A
14.75 -1.63 (-9.92%)
Cheers mate...o/t looks like they are pushing RRL to 13p - the mooted price for the US upgrade / RGRYY listing next week....wish i had tought of that last Friday lol
23/03/2012 09:46:30 ENEG 15.98 O 100,000
That’s great...but a big mack truck with 500 barrels of oil on the back would be better. Hope they didn't singe and birds...
Don't you just love hindsight....our nicely formed uptrend over the last 2 months has all be undone in a day. They ballsed up today big time. Nothing has changed except time. They have never stated timescales for anything which is now resulting in people leaving fed up. They need to manage expectations a lot better and should have provided a programme from the beginning of the project - and this sort of thing would not happen.....
played it well.....to provide no timescales in this RNS which imo should have been the one which showed the potential of the well flow rates, is just laughable...almost as if they wanted this to happen.....huge sells today….no hiding that the market is far from impressed. I guess you have a 15p target short term?