Member Info for easyp

Prediction for tomorrow? The sp will fall back a bit as people take profits imo.
But, if there is a positive RNS this week then the sp may fly towards double figures.
14,000 bopd....Brent trading at $45 a barrel.

Still here, only in the past few days has there been any sign of a sp recovery. I think GTE will attract a bid over the next few months based on the large inventory of undeveloped well locations and an annual quoted prod fig of 18944 BOEPD.

We shall see!

Geology, how much recoverable oil is really down there?
Possibly a lot more than HUR thought only a couple of months ago?
And they are pumping around 14,000 bopd most days without too much water?

Keep some cash available for fighting retreats. Do not go all in on AIM shares. On your good days top slice and take some profit to buy back in during weeks like this. AIM is risky and rewarding but its a fine balance between the two. A tier one find of gold in Colombia one of the better bets if you can wait until spring 2021 dyor.

I suspect both Mr Pye and Mr Trice were partially correct. One overly pessimistic the other overly optimistic.
"There is long-held scepticism in oil industry circles about the probability of delivering stable and reliable production from those reservoirs, due to their complex and unpredictable nature."
But, Mr Trice did say it would take several months of stable production to get a clear view of the reservoir. With the benefit of hindsight 60p a share was daft given the geological risks but 4p a share equally ludicrous neither reflects true value of a well pumping 10,000 bopd.

Has anyone done some technical analysis of the charts recently? I did some very basic messing about on HL with moving averages (50 and 200 and Bollinger Bands) based on trade in the past month and thought there was a case for buying at 12p. Anyone else got a view on TA?

The price of Gold dropped today.....bound to have an impact on most PM mining shares.
Don't panic OMI will enjoy better days as drilling and assay reports are filed.

Wookie....none of us can really answer that question because HUR went looking for oil in an area that geologically has not been done before. The old boss was convinced it could be extracted but the issues arising suggest he was wrong. Most of the long term holders including me think he was close to being correct but they are breaking new ground here and we need more oil production and a lower water cut to be certain either way. HUR is a punt!

Yessss! Got in at 22.9p. Happy with that, not saying the sp cannot drop from here but would add more as OMI is sat on a tier one resource in a country over looked by the majors for years because of political unrest and security concerns.

Dang! I left a buy order with HL at 23p and this share is teasing me by floating just out of reach with a 3% spread. Now just drop a little more.....

Cheers Matt that does answer my questions re why? Quite a compelling case to buy and hold in fact!

Delighted to be suddenly up 18% on my modest punt but does anyone know why?
No RNS, rumours of a bid on the way or a JV?

Eva does have a point about momentum it often drives share prices up on expectation rather than delivered outcomes. This mornings gain has lifted the value of my holding by just under £3k so very happy to see The Mo working for holders. While I would not add just yet I will top slice from time to time and buy any dips.

Just a quick thanks to all involved in posting on the short positions, useful info. Personally, I agree they have got it wrong and will get singed when the next production figures are released.

Never heard of him but an impressive CV, plenty of contacts in US pharma and a proven record as a entrepreneur.
I hope he adds value to OXB over the next few years.

This is why I top sliced during the heady days of last week....share dilution.....
A typical AIM dirty trick played on small investors.

"Now , the management has not changed but they have got older ..."

Nolo.....I was hoping you might have added wiser! That you did not was something of a clue.

Worth reading her article, she is predicting a commodities surge and quotes:

"And there is more. As James Ferguson of Macrostrategy says, the “most exciting opportunity of the moment is in commodities. They’ll give you portfolio insurance against inflation (you need this). But they are also generationally cheap: just to return to their long-term price trend relative to global equities, a basket of commodities would have to outperform equities “almost fivefold”. It’s time to buy them. Then you can sit back and think of your spring trip to Spain."

HUR is still a risky punt because of the geology and reserves but oil prices could be heading north in 2021 dyor.

I top sliced and sold a 60 thousand at 13p yesterday but still hold a 6 figure number of shares here. If it dipped back towards 11p yes I would add as I believe I can make useful money trading IMM all the way through Phase 3 without missing out. My portfolio was a bit out of balance and now looks better, I did the same with SOLG recently for the same reason.

Talk is cheap, if you think an RNS due in days then go out and buy some.
As it happens I believe some good news not too far off so bought a few thousand at under 24p on HL.