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Really? So working on a Farmout HRZ play, and gaining a drilling partnership in Jan. Have you actually read any of the recent RNS? The market SP dropped of IW2 not being the optimal but that's the short term trades. They will be back they always are! onward to 2p.
One question do you hold here or looking too?
I was actually looking further back than that, but yes trading this on the drops since the winter shut in pay off well to those that did, I wasn’t one that did that but have prices all over the place so can even work out my avarage anymore. I’m bullish on the share as we hit the bottom of the range, wintershut in levels pretty much and it bounced back. IW2 didn’t go all to plan but we are told enough was gathered and looking into farmout, ontop of this we have the drilling in Jan 19 which we got in on the cheap. SP here and other similar aim shares tend to be what is flavour of the month I would like to see this share get out of that situation but that might take time, I didn’t invest here for a short trade although if I did I might be holding way more shares.
It depends if you goal was short term or long term, its not hard to see the longer term upside. Its bad SP has tanked since last month but if you look at the history of the share price we are yet to cement 2-3ps for a long period of time so we are still trading in the ranges. News and or sentiment could land to help test the 2.8p again, then 3's but what i'd like to see is a more stable SP to keep above the 3p but we need news to do this.
Hoping again for more volume today, a lot of other shares are looking toppy so sellers might come from those into here, potential for a decent upside under 2p is big. We have hit 4p 2 times in the intraday in less than the last two years, 4p has hit in the summer months and with our plays now value in 88e should start to be seen.
Its Friday so potential for news to land if not today but Monday could be a pull to get people in under 2p before that's no longer a entry level.
It wasn’t a failure though?? It didn’t gather the 30% to gain the clearest of picture but it gained enough hydrocarbons to make a educated anyalisis of what’s there. It’s all in the RNS. Failure would be no oil down there but we know there is we are exploring the Wells for farm out not pumping it ourselves the money isn’t there and never been the plan. SP is a hard one 10p could be hit on intraday on good news and sentiment wave I’ve seen it before cermenting the new prices levels seem harder.