RE: Operational update please Lorna7 Feb 2024 08:36
I second that.
We need to get gas samples to external labs for testing, but we really need to test the flow rate to be able to state that this is a discovery. Are there any other requirements before declaring a discovery?
Discovery is a technical term and we can't say it is classed as a discovery until certain criteria are met. I can't find anything that states what that is, but below is a link to one of the first interviews our then CEO did. Quite long, so i have started it partway through, but quite interesting.
Yeah, just a pity about the stuff I bought at 7p, 8p, 13p, 22p etc. I derisked some today, but am still in. No longer massively overinvested here. Just heavily invested now.
Today was very much this. We were on an upward trend for most of the day and still need a 30% increase to get back to today's high.
I now have 30% profit on what I have invested in HE1. I was hoping to get the money back from NCT/MYN/AOG (which this was before HE1 reversed in). I now have 3.3% profit and a hair under 2M shares. So maybe I should sell it all.
Then again, my total portfolio is down overall (bloody Afren) so maybe I should trade the peaks and troughs. Or just hold... I will need to work out an exit strategy.
The lows today have been increasing (higher lows) so showing good buying pressure. Hoping for the same tomorrow but need to work out how to get my initial investment back while maintaining a position here.
I hope others have made it out or can see the light now. I wonder how Ian Stalker did? We never saw another holdings RNS from him.
SP has just hit a trendline, so it should not go much lower, just move up in line with that at the least. It should be rising again by lunchtime though, so time to do some work now.