Member Info for eldorado1909

Just going to ignore you from now on since you seem to be posting for no other reason than to troll at this point. You've told us over and over you think this is going down, despite nobody but placees having an average low enough to be in profit now, and 8p being the absolute minimum people would be selling out at without some kind of catestrophic news. The vast majority of placees with an average of 8p are gone by now based on the amount of shares which have been churned, everybody else is either at breakeven or underwater. Once the placee shares are gone there will be a big gap up before most current holders will be looking to sell.

Summing up the situation here for newbies. You have the upwards SP potential of a wildcat driller with the safety of an existing oil producer underpinning your capital (ar current levels). This really is a no brainer, and as soon as the placing churn is over this will go shooting upwards towards fair value IMO.

Ignore IG he comes to deramp every time there is a doenward price fluctuation looking for a lower buy in price. Market was happy to fund a 150 percent placing at 8p just a few months back. Existing assets producing oil are worth 4p at the bare minimum,probably more with current oil prices. First layer of drill is geographically guaranteed, worth 6p minimum. Second layer worth many multiples of current SP if hit and has a 60 percent chance of success, so the risked value of just the first two layers is worth multiples of current SP. You're purposefully spreading untruthes here to bring the price down. If the third layer is hit, this would be worth over £1 at the bare minimum. Even if the second two layers were dusters the current SP is underpinned, yet you are trying to get people to think this is an all or nothing drill where you are potentially going to lose everything. Completely untrue,and pretty low of you. The reality is that the RvR here is very very good. You have a chance of potentially ten bagging or more as opposed to losing 20-50 percent initially on duster news, followed by a rebound on the basis of the intrinsic value of the existing assets and the first layer. If the RvR wasn't good you wouldn't be here.

This isn't one to trade scored the spread locks you in. More selling at 0.091 could drop into the 8s and no news for a while now I think.

Easily hit 11p by the end of the week. Primed and ready to go.

Back in today. Looks like the rise may be on and don't want to miss out. Could test bottom again but downside minimal from here. Expect 275 minimum come spud.

Honestly IG I can't imagine you buying in and selling out within the space of a few hours, especially not when you've had the chance to buy in significantly lower just a few days ago. My point was that the sells seemed to be short term traders rather than placees as you had suggested would squash any action. But you're right, there is no need for insults and I was out of order. And I don't think there is no chance of this being lower, there could still be problems. I just feel it will go higher if everything with the drill goes to plan. But I also will not apologise for having contempt for ypur average AIM gambler, who buys in to a share and proceeds to ask what he's bought on the LSE bb. Those types haven't arrived here - yet - but come drill time they will because of the significant upside on a good result.

Just as I suspected. The idiot that just sold 59,179 at 9.575 bought them this morning at 8.47 and managed to hold them for less than two hours! Most of those who sold this morning were probably buying in the last few days on the hype of the ship moving to port.

Still people willing to sell at lower than they could have done yesterday - before the rig mob was confirmed - though. AIM gamblers really are absurd. Presumably they couldn't wait a few weeks for the drill. I don't think these are all placees, because they have had the chance to sell out at this level before now. I remember speaking to an AIM poster years ago about what was a decent recovery play AAZ, which at that point was trading at around 4.5p per share. I suggested he park some money in there for a few years suggesting that based on the income stream from sales of gold it may well return 1000% over a few years. His answer was that he could return 100% in a day on other shares. These people deserve to lose their money, they are nothing but impulsive gamblers. Take a look at what AAZ is trading at today. My biggest return on AIM, and all it required was the patience to park some money in it for a few years. I suspect as the drill gets closer the potential of a 5-10 bagger on good results will draw in lots of AIM gamblers to push this up significantly into first results from R1/R2 sands.

IG SP underpinned by existing productive assets. Also first layer is geographically guaranteed to have oil.

News out this morning!

My main concern here is that the company (and EDR) is so focussed on Wressle (which came accross in the interview) that it will not look at Bisca until it has results back in October. The way DB was talking it seemed like he hadn't even given any thought to Bisca yet. Doesn't make sense to drill a potential duster with the proceeds of the placing until they know whether Wressle is a go or not. If they were to drill Bisca find nothing and Wressle were to be rejected they'd be up **** creek without a paddle. For this reason I don't think Bisca will be drilled until towards the end of the year. Still plenty to look forward to with Wressle but could be quiet news wise until the decision date approaches.

to suck in some sellers with that artificial drop right before too.

Based on recent DB interview seems like the drill is going to be delayed until later in the year, probably October.

ASK and BID. 10.4 to buy 10.025 to sell. Keeping a lid on the rise so far.

Although, I am significantly up this year overall. So I might leave all of this years profits in for results, because in all honesty its a great gamble here. Sure, it could not come off, but if it does you could be looking at a ten bagger or even more. Its a coin toss, but potential returns outweigh the risks here by a significant amount.

Of course IG. You'd have to be a impulsive gambler to risk the kind of sum I have in here on a potential duster.

for AAOG is starting to build again. Think we're going to see a decent uplift very soon.

IG. Lots of people were sceptical of Sefton's ability to pull off the drill, as well you know. There's many risks which can get in the way of or delay the drill. I've given you the benefit of the doubt, but you're just being dishonest now. The idea that the drill going ahead on schedule for AAOG is was 100 percent expected is laughable. You yourself have consistently badmouthed the company. The only one looking desperate and worried is you. If you think this is such a stinker, then why are you still posting here?

Think we've hit the bottom, should go to 6p on the next leg up.