Member Info for ihavenoclue

CHP In my own opinion the delay is not for a negative reason, just the Columbians taking thier own sweet time. I can't see CHP dropping lower than 15p, and if it does it won't be for long, but i can't see it going any higher than 16p during this wait. UNLESS there are more market rumours, seems there are a LOT of twitchy people out there both in this stock and ones waiting to jump in when they are sure the licence is secured. At the moment i am sitting on a slight loss averaging 16.2p a share so all i am gonna do is sit and wait.

But your money said that IDN was a buy on the 10th Jan 06 only for it to drop 20%. I hope your Strong Buy for IDN this time has more effect. I for one am holding with FAO. Maybe my faith will backfire and i will have egg on my face but only time will tell.

FAO ... that all depends on the amount of funding it can gain. Minimum is £22.3 million otherwise it can't trade after april .. but it WANTS to raise £32 million. So IF it can raise the full £32 million then back up to 12 - 15p area pretty quick ? £22 million maybe up to 9 - 12p. These are purely guesses and it depends in which way they intend to " raise " the money. But a company looking to raise 50% of its current market capital would have to prove it had HUGE potential. What do others feel about what i have said ?

It seems that the slightly hurried report was for the sole purpose to gain the huge funding it requires. Yes there is oil there and yes more than expected but will they get the funding to get it out ? IF they get the funding and all goes to plan then this share could easily surpass the 15p top it touched at last spring, if you don't count that 30p peak in september 04. IF they don't get funding then ewwww i don't know .. wouldn't like to think ... money all gone ? That's risk for you .. who invented risk anyhow ???

FAO Well Cynic, I am going from a report in www.oilbarrel.com but the oil seems to be real but the rish is also real. As below :- "Results, albeit incomplete, are in from FirstAfrica Oil’s first well on the East Orovinyare oilfield offshore Gabon and the preliminary news looks positive for the cash-strapped AIM-quoted oil firm. The EOV-4 appraisal was targeting the eastern flank of the East Orovinyare structure and encountered a larger than expected oil column (165 ft against the forecast 128 ft) in the Batanga Sandstone reservoir. The well also found unexpected oil shows in the deeper Anguille Formation, which will require further testing. A drill stem test recovered light oil (37.5 degree API) from the Batanga but mechanical difficulties impeded an oil flow test. Without the reassurance of a flowrate, to give some indication of reservoir performance, investors are unlikely to get over-excited about the EOV-4 well result: recent events will have left many cautious about AIM-quoted companies and their West African E&P projects. Even so, this looks like good news for FirstAfrica. It has suspended the well (the rig has moved onto another contract) and will now analyse the downhole results and recovered samples. Preliminary results certainly do not appear to conflict with its plans to proceed with development drilling in April, when the Adriatic VI jack-up is due to arrive on the EOV field for a hundred day, three-well contract. The aim here is to achi

FAO - You having one of those weeks too ? I feel this is just the general fluctation of this share. I am thinking about topping up but only at 4p so it has got close to that. This share carries a huge risk but also huge potential upside. If news comes through about securing the huge amount they need to carry on thier ambitious plans then this share will rocket. If not, and it all goes pear shaped, this company will be forced to cease trading the end of next month. That's risk for ya ;-) All in my own mind and do your own research - i for one like the potential of this share so i am prepared to take the risk - then again i am completely mad LOL

I am gonna try and ignore this share for the next two weeks. Back to work i go ! Good luck everyone.

I am just gonna put these shares in a box, clock the box up and walk away for a while !

I understand totally what you are saying and yes i have been burned that way before but i feel the drop is mainly to people taking profits and i can see this share passing 10p within the next 3 months. So i have dipped in again and will now hold.

I will be very tempted to break the bank and buy some more to lower my average. For the moment i will hold.

When do you feel this will go below 4p ? I thought by the end of the week but there was a rush of buys at the end of today so i am now so sure now. IF it does go below 4p i will be topping up.

Just that on a day when the only share going in the right direction was this one and then to have it drop off to be a faller too ... Grrr. I earmarked this as a good midterm share and my opinion hasn't changed ... just " one of those days "

This share, along with a few other oilies, get volatile when awaiting news. Can't really predict top or bottom. I would say this share could be anywhere, up and down, between 15 and 18p like the last 3 weeks.

This WAS the only share i was in profit on ... makes sense that it drops and wipes out what little profit i had. Time to turn the PC off i think LOL

Why on earth did ULT give a share offer of 65p on that one ? The way things are going with ULT, 28.3 ULT shares are gonna be worth diddly soon.

benlittle ... as i recall you were the one saying you knew someone on here who "knew me" <complete lie> and that i was a "pussy", also that the "smart money" went in at 4 - 5p < even though this share was around 2p a year ago so i have no idea where you get that from. I see that the 4 weeks approx. since you last posted has not taught you anything and your posts are still as immature and full of crap as ever. IF you want to post keep to the facts.

You were right BUT if you look at my post yesterday i predicted this share would drop to between 15 and 15.5p this morning. Now if i could just have the nerve to sell when it hits the 17.5p days and buy on the 15p days up to the announcement i will make a bit of cash along the way. With all this further uncertainty the share may even drop lower than its lowest days building up to today. But overall, yes Jaak, you were right - so do you feel the licence is still in the bag or do you feel CHP are gonna be made to jump through a few more hoops first ?

I was taking the mick a bit .. i have this share in my " keep an eye on " shares ... i was just wondering what your take on it after the drop is .. do you feel buy or hold at the present time ?

Since you tipped this as a buy it has dropped 40% .. do you know why this has happened ?

Not very good asking for peoples thoughts when i don't give my own. For 1 i think c, will rise a great deal more than that once they get good results from the tests on the new block. For 2 i also think c, there will be a sizeable drop but i think even withouth the third licence this share is slightly undervalued, just my thoughts. I totally expected all of yesterdays gains to be wiped off the price, should have sold and bought back in but i guess i haven't got the guts to follow my convictions. I feel if there is no news tomorrow this share will drop even further to around 15p or maybe slightly lower as smaller investors start to panic .. if that is the case i will have to get a loan and buy in some more :-) Always do your own research and good luck CHPers.