So that equates to £3.25 million in cash, or 0.62p in the share price. So we are floating just above cash value now. It’s ok I guess, though we will need funding to drill next round.
Morning all - good start to the day being in the blue! This share will do well over the coming months. I reckon it’ll be 100% up from here before drilling. Based on my previous observations of other oil shares with low market capital. Could be wrong, but I’m pretty confident. GLA
Best case scenario would be plans for a second drill, location based on the analysed data. Very slim chance in my opinion, but who knows. We would certainly need more money for this! I bought another grand's worth just in case.
Ah I see - that isn't great. Was Ithaca bringing in a fair amount then?
I still think this is a good buy judging that we should be drilling in june, have a low market capital and are fully funded.
There will be lots of hype here soon. I am numb to it now hah
Guys, this particular well is over. There is no chance of a side track as they have ‘plugged and abandoned’. There is the chance of a new drill nearby based on the data they are analyzing, however we need finance now and currently do not have enough. This means there will likely be a further placing. 0.5p in my opinion will come in the coming weeks. I still unfortunately own here, I took yet another risk on the small chance of a strike.
Just bought 25000 shares and thought I’d say hello.
As far as I understand we are raising circa £15,000,000, although doubling the amount of shares in issue.
And We are then hoping to drill in summer.
Sounds good to me.
If anyone wants to fill me in further details, I’d appreciate it.
I’m going to take a more detailed look through the RNS’s.
Thanks,
D
Hah - the guy who thinks we should be 430% down.. bless him.
Anyway - I lost £30k on a shitty share when I was originally £60k up. How stupid is that. Now I lose £500 on this piece of crap. I'm trying to get back into shares, but this isnt a good start!
Think we found Wally guys, he wants his hat back! just kidding - I say stupid shit sometimes too!
I hope you're not suggesting we all owe RMP money! haha
All those spouting 26 out of 26 drills in the area were a success....
I learned my lesson from the Puntland days - (lost a fortune). There is always more chance of failure. This time chucked in only £600 and great, now that's only worth £100 if i'm lucky.
There is still hope in this share, but you will be in for a long wait if you want your money back.
History will repeat itself again..
Hello all - I’m new to this share. I note the value in the US is considerably higher than here. Circa 6p here against 0.41 dollars in America. Can someone explain why there is two very different valuations of the same company?
do you think AFPO will come back from the dead then?
Do you believe cc can get us out this shitt then ?
does this mean anything significant for afpo?
Haha. But seriously?
What is cc's email address?
Where's that oil? Not that I can spare any