RE: Things happening again30 Mar 2021 09:57
Badgernator, it's a punt. With such punts you run the risk of losing out. I've bought on the clear and concise details provided by the responsible persons. There sufficient details to suggest there is oil. At what grade remains anyone's guess.
However, seen as we're at all time low and we've still not bounced back from the COVID market crash, my confidence in this share is strained. What's the point having oil deep in the ground if they don't know how to take it out. The share price reflects on how confident everyone is on CASP getting it out of the ground. 1200 BOPD is extremely optimistic especially if we can't get a well cleared from broken debris, the side tracks are not working, we don't know whether Clive is coming or going. We can't get a consistent news update. When we do, it's nothing but negative. Our progress over the past 6 years has been shambolic.
I'd love to sell up, but i'm sitting on a colossal paper loss, which makes the decision quite simple. Stick it out and risk losing it.
Just my take on the current situation.