Member Info for Hms687

Lol Roger , as if mr Professional really made a 20% profit. If he did that then I am the President of the United States. Mr Pro is no more than an “after the event Charlie” - seen many like him over the years. I’d rather respect the likes of WhileNight or whatever the names are - at least they’re openly bearish.

The staggering numbers he does not talk about is the oil reserves already now confirmed awaiting production. Remember each barrel now sells at over $85. He can pick SNY published number for barrels of Oil and then just do maths.

Volume and continued buying seems to be suggesting something

Sorry Rall mate, I’m afraid that up until need we will be within some kind of range. Lower @ aporox 0.00145 and upper I called out couple weeks ago but I can’t recall - but basic support resistance levels.

IF it goes over this then chances are we’re not far from some news.

Anyways, let’s see a challenge first for circa 0.00195p

Good luck 👍

I agree Ralladev regards high oil prices. I would much rather we got shareholder value via nifm channels.

And that’s going to happen with a substantial re rating once we progress in producing g oil.

Serious investors will pay too dollar in e they start seeing decent levels of oil

I don’t think there’s anything afoot. - not immediately anyway.

We just have a big buyer hoovering up any sellers st these ridiculous prices ( possibly brokers anyway)

But having said that, we should hear some update either way in tge next week or two

Good luck all

As a longer term holder, I agree, we really should be in by end of November latest. But of course there are prospects for an earlier update if dirts and I’d be very happy with that.

In reality, I’d be very surprised if we don’t hear anything in tge next couple of weeks - by “anything” I mean something - very very positive.

In the meantime, dint be fooled by so called successful traders. I myself used to be s trader using my trademark HMS name going back years. I was recognised as being in the top 10. - We actually had to post our entry and exits as it happened. All you get on here is after the event Charlie’s like that Professional guy.

Yes you can be an extremely successful but that’s being allied to secure information ( brokers and mm’s or even insider)

Basically we should’ve really celebrated in Summer but it is what it is. Now surely there can be no doubt whatsoever that by Xmas everting will be rewarded, and by some

Notes to the Interim Consolidated Financial Statements (continued)

As a result of excellent drilling results and increased expectations around recoverable volumes and production, the Company successfully completed an oversubscribed fundraise of £4.3 million with new and existing shareholders on 15 September 2023.

As at 28 September 2023, the Group had cash resources excluding 'restricted cash' of approximately US$6.5 million.

Management's base case is that the SCHB-2 well will continue to clean-up and by the end of November 2023 production flow rates from the well will be consistent with, or exceed, the "best estimate" outlined in the Competent Persons Report ("CPR") published in December 2022.

Our last results indicate we should know by end of next month

What was the name of her song from the 80’s ?

Two steps forward, and one step back; or

One step forward, and two steps back ??

But anyways, Somewhere over the rainbow

PS : after rewarding their friends, sponsors, publicists, employees and themselves in multiples, I feel sorry for the poor milkman.

It’s only the milkman and ourselves actual SHAREHOLDERS that are repeatedly punished instead if being rewarded with freebies

But on the bright side, at least it’s not another bad news from an operational basis. On balance, I’m happy with that

It says it’s per the AIM rules but I’m not sure if we were previously informed about these options. I make it another half billion shares

So if they were already calculated in our market cap then fine, otherwise pathetic and dilutes.

And how about a tucking RNS about clean up developments instead

Must admit, I half expected the SP to taper down again towards close of play - but it’s staying solid.

Hmmm

Yes, that would be my guess as well that a large buyer comes in whenever the price nears the ridiculous low. Who - I don’t know - possibly UJO, possibly just the mm’s stocking up whilst they can

Also, global oil I’m expecting to go much higher . We really shouldn’t rejoice about that becayse it would be tge result of some unimaginable pain and death in Israel and Pakestine. But it is what it is

Could be although it may just be a case of higher lows trading

Potentially we could still be awaiting a few more weeks before hard news.

Then again, we may have a pleasant surprise over tge weekend

you’ll be laughing once the free loaders and firesale rd are gone and that’s irrespective of anything.

but i still feel the mm’s are ****ing us about a bit- they know they will be able to sell every share they get hold of at top dollar in a month or two

Not technical analysis based but it looks like lower is getting higher ( higher lows)

Last if the scary cat sellers finally kea I h I guess

Wonder what this share price will be once reserves and flow rates are better confirmed ?

Current basic low flow seems to indicate £1.5M per month and more immediate tangible reserves something like 5.5 million barrels ?

Let’s just say fir the sake if fantasy that we extracted tge full 5.5 mb at current oil price of aporox $90 ( factor in costs of production). I make that over £300M

In terms of flow at very low rate and adjust fir high oil price is about 12 x £1.8M = over £20M pa

Current market cap still a ridiculous sub £25M

So it dies t really matter about temp ups and downs - there seems to be solid prospects here just at it is, and potential for an amazing amount higher

But the longest journey starts from the very first step - and that’s the result if first extraction probably next month.

Mmmmmmm

It’s the pesky placees no thanks to Fat Larry

Heid : what price did you buy back in at ?