According to marine traffic Ensco 72 still in Teeside. What is different is that the rig is now showing up via it's indicator which is the first time since it came to our notice. Is movement imminent ??
The last update RNS with regards to permissions etc, was concluded with this sentence.<br /> <br />"No further announcements are planned by Corallian until all the approvals are in place and the drilling has commenced."<br /><br />I'm reading that to mean that the next RNS will state that we have spudded. Whenever that will be !
I'm absolutely amazed that the SP is where it is right now. We are mid September and according to the last RNS we are no more than two weeks away from the spud of Wick. So where is the herd ?? What are they waiting for? History regarding rises and falls of this stock clearly illustrate just how quickly this will move. IMHO when it does move, either on rig contract news or that the spud site is complete, you will be lucky to get these under .85p and more likely to pay 1.0p+.
I really do think this is the start of good things here. I've been in this for 10 years now and seen false hope after false hope. This company has chased dreams for years and sucked in hundreds of investors and caught out even more day traders. Today it has realistic prospects. These prospects will transform the company if successful. Even the build up all the way to reaching the target depth will see this fly as traders come on board. Would you be out of this over the weekend ? If the rig contract gets signed over the weekend and leaves the dock on Sunday morning where will this SP be on Monday morning ?
UPL on the rise too. Ensco 121 tied up alongside in Dundee yesterday and no doubt taking on stores and kit. Once rig contract and spud date is announced this will go up very quickly. It's imminent and when the rig leaves the dockside you could very well miss the boat !!!! At these prices anyway.