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"punching the air" I will probably join in too! Haha. Cadeby was oil bearing. Was an unexpected surprise in WN2 well. The flow test was all stalled because of the amount of hydrocarbon consulate. They thought it would be a gas Well but the KA was full of oil and they didn't have the right equipment to test it. Also if anyone saw that video on twitter of the flare stack it was belching out smoke - supposedly due to hydrocarbons getting lifted with the gas. So it was shut down pretty quickly. Was some size of flare too!
Yeah that is their strategy. Prove up their assets and sell them. Other than the Cali assets - those are robust revenue generation that pretty much covers their salaries and more wells.
Consolidation now above 1.8p. People were happy to pay a premium this morning. Still very much under the radar. Partnering developments must be soon as every pharma company focusing on a vaccine will be wanting access to their library. Again, it is only a matter of when not if. Looking forward to the next couple of weeks hopefully building more steadily here before news lands. Testing companies are still in high demand but vaccine companies are the game changer. The only way to go back to the old normal.
Buyout from a major this will some re-rate.
Wouldn't want to be out of this over the weekend.
Seems to have found a new base around this level. Been up to 250p just a couple weeks ago. Will no doubt see those figures again and higher on any new partnerships with their covid antigen. This could be well up there in the lead for a safe vaccine. Look at Trump - bit of a nut sack but he had a vary similar treatment.
So basically - the silent majority didn't take the news well.
UKOG is long in the dust my friend lol. If you want to talk oil stocks I suggest a different board.
Was in here at 30p happy as a clam. Sold this morning on that RNS. People are mad here. Read the RNS properly. The government want 1million for checking the community spread. They will choose at random out of a hat 1 millions people scattered around the UK and gather their data. These studies don't just keep gathering more data. 1 million is more than enough for their reporting. This isn't an ongoing testing regime announced. Until then it does not justify this mcap.
How many orders do they need to justify this 179m mcap? Completely mad. People jumping in with their eyes shut.
ODX only account for 25% of the orders and the first tranche is 350k units. So the 1million order is spread out over the next year. It's not that great really, is it?
Should move strong up to double digits. GGP mcap is 897m. Here it is 5m. Postcode speaks volumes.
It's like buying a house when picking mining or oil stocks. It's all about the postcode! We seem to be as close to the main deal here and as everybody knows, wealth spreads out into those nearby villages that go on to become towns and get connected by the city. Looking juicy!
The actual spread is tighter than this - although you see this a lot where the majority of shares are in sticky hands. Also not a huge amount of shares to move around. It moves fast too.
Not all gaps get filled. Some become nuns.
Some chunky buys showing from Wednesday. It shows people are on the side lines waiting with cash. I don't expect to be waiting long for the next RNS. Lots of possibilities.
Personally bought on that drop. Certainly not a show stopped just a delay. Everything in Australia, EU and US is moving along as expected.
Finished selling NCYT and almost fully loaded in here for the ride. Next 10 bagger on news? Very low MCAP, shares in sticky hands. It doesn't take much for this to get moving.
Looking spicy today boys!
Sold half of my NCYT and scaling into this. Only a matter of time until people start to take notice of what we have here. This is going to be big. Constant revenue streams here and by the time we have contracts rolling in funding won't be an issue.