Member Info for eldorado1909

Another day with no news about whether the Wressle application has even been submitted, and you're sat plannimg how you're going to spend an imaginary 90k with the SP 11 times higher. Meanwhile you've lost almost 2 grand on paper in the last few weeks which from your other message seems to be the basis of your retirement *facepalm*. I too think this will rise, but I think you need to reevaluate your expectations here significantly.

Scored, this isn't going to 5 bag. You need to be more realistic. There would be a placing long before it did 500 percent.

I'm 20 percent down on this trade but breakeven when considering my original trade. Weighing up whether I should just cut my losses here. Should have bailed when the large sells were going through.

Is headed for the 8s

Shocking what has happened here. No communication for a whole month, despite Wressle and Biscathorpe. Where is news regarding the Wressle app? Is it happening? If not, why on earth hasn't an RNS been released to confirm the appeak has been lodged. Also, we're supposed to be spudding immediately, where on earth is the rig mob RNS, rig contract or at least something to give us an idea of timescales. The post placing excitement has been completely punctured and its going to take a lot to just get this back to where a lot of us bought in (myself 0.11). Obviously, if Biscathorpe happens we will get a rise into spud, but the news void in the middle of bad market conditions has resulted in a cratering of the SP which was completely unnecessary.

Wressle planning approval will be much earlier than that term, but you are of course right. If you're willing to hold for a few months you should atleast get a 50 percent return from current levels, probably more if Wressle approval and bisca spud coincide. Nevertheless, still pretty shocked ask is down to 0.095. Thats pretty much my original buy in price on my original trade up to 0.12. Was thinking I had a bargain when I bought back in at 0.11 on the retrace, just goes to show, you can always get in lower. Nobody ever wants to listen to the reasoned voice, whether its when people are being promised a 5 bagger, or when people are panicking after a retrace. Significant catalysts remain here, and will come into play very soon. With the amount of placing shares churned I'd be very surprised if we weren't back up to at least 0.12 once we grt a rig mob Rns. And ot will certainly be above that come spud. Patience required. It will be extremely frustrating until news arrives.

did Sefton give a date on the conference call and then announce another delay subsequently. All he needed was to just give a workeable timetable. It's broken promises and delays im the schedule which kill momentum not the time taken itself. Sefton has once again shafted his shareholders. As long as the drill goes ahead this will still rise massively, but this could have been handled so much better.

Based on the timescale, seems like a really good place to recycle profits from early summer drill campaigns (assuming they rise on run up to spud) such as AAOG and UJO. AMER, PVR and CHAR also good on that score IMO.

Seems to be across the sector. All my small cap oilers are doing poorly the last few weeks.

You still in here? What are your thoughts on the slide?

Needs news or its headimg back into the 0.09s

The point is nobody really knows. There's no knowing how the market will react, especially on a share as illiquid as this one. One thing is for sure, if it moves it will move fast because of the lack of liquidity.

It's impossible to say. Just look at UKOG hundreds of millions mcap on nothing. If we got a double whammy of Wressle and Biscathorpe hit it could spike to 1p. On the other hand we could get Wressle news every one who bought in could sell on news could sell and it could end up down. I've seen this happen before on shares like this. The fact we've had so many sells of late I would say is positive because there is much less volume to churn through on any positive news.

back my position in here (sold out previously at 252). Seems to have formed a decent base here and I think people will start building positions for the drill soon. Managed to pick the top last time, my gut tells me we are close to the bottom now.

I'm not saying he will do that, or there are any indications he plans on it, but just looking at the oil industry in Venezuela post chavez, it seems madness to me to hold through the election. If Duque wins I will look at a position here, not before.

Poll here: https://www.telesurtv.net/english/news/Petro-close-to-Duque-as-campaigns-end-20180611-0006.html

Who may well expropriate the company only 5.5 points behind with 15 plus percent undecided and PIs don't think it's relevant. LSE really is a joke. No wonder most posters lose their shirt.

indication as to when we can expect rig mob news? This seems to be stuck trading around 0.11 until we get some kind of news.

some traction now. Finally moving up on buying pressure.

We wouldn't be up if that were the case. One last sell (probably from yesterday) is being worked through in the background. Once we get enough buys in to churn it there will be nothing more holding this back.