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Zibra - my point exactly, sentiment is everything on aim, Zaza suggested to the market this was a given gusher, xmas presents etc, then plugged, what does that say to current and potential investors, no wonder the market is dubious! Played that all wrong imo but as I said before hopefully he has learned from mistakes re the comms, fingers crossed for the oil. Take care
PJohn how offensive, bit I will thanks, the tight shale rock at ud2 is perfect and dry, so your find me there. Take care
CottoneyeJoe I admire your belief I really do but unfortunately, as has already been proven, it's all well and good having gas present but if you can't extract it it's as useless as a blow up dartboard, new drill won't make a difference here, damaged old soviet well with very high decline rates, tight shale play! They are sniffing about for the oil! Take care
Kenco - execution is the key, frr extended well test to establish the decline curve of the wells and ensure its commercial long term, that's all majors will care of, game isn't won yet but promising.. still a fair amount of risk involved hence the sp not being higher, on paper UD2 was georgias gas saviour and we all know what happened there, buys flooded in SP was rocketing then bang, the inevitable was finall announced, duster! albeit this is a different situation it highlights how things aren't always at it seems and as you say investors are nervous, at the moment! Take care
Few traders knocking about that took a shot low 20's,once they are shaken off it has a free ride, nothing holding this down now,. Take care
Timster not an issue matey, you was topping up in the .6's wasn't you, averging up if I recall rightly? Take care
You can all thank me later and those of you that need to apologise, apology accepted! Seems the oil is flowing , if you can ready RNS spin he is basically saying it's gusher, take care ;)
This will start to climb in the next few days in anticipation, news is due, and news is due very soon! if Zaza starts to string this out until later September, I for one will bounce this, danger written all over it! That said, I'm confident Taribani will deliver and that 1p party some were bleating on about will go ahead, all imo of course - Take care
At these current levels, with the upside potential, this imo is without doubt a punt that is worth taking, this has by far the best potential of proving up quite a large profitable asset in Taribani, I personally think they will! waste of time on UD2 but it takes mistakes to learn. could be wrong, it could go down pan but I have a good feeling about this one! Take care
I'd be worried o CNOOC opted to take less, especially the way price of oil is going! Great posts as ever Coop!
Hope your still watching mate, ;) - take care
The rise is because this was hugely oversold and was being held down for the shorts to close, now they have been closed out it's free to fly, they done well getting it to around 6p at it lowest to be fair, well done ratty and co.
it's bounced now and the sentiment has changed, the JV for China is becoming ever more a realistic prospect. Dempsey, Sacramento is not even priced into this rise/price, I think investors have washed there hands of this imo. Good luck all - pull up your seats for the Chinese buffet and tuck in, good luck!!
Not a problem StarRage, always happy to help! you will do wel out this, and so will most that hold their bottle! Take care
StarRage -, I have told you the oil will come good And this is the way I'm treated, disgusting! what more would you like from me ay, I gave you the two options , so assuming you choose option 2? Good luck and take care
Philm - good job indeed as you might of been in danger of making some
Money, 18% up today and plenty more were that came from, Chinese pulling there seats up to the table for the JV, watch the bounce, it's going to happen, and soon! will remind you of this, keep watching! Take care
StarRage not a problem matey, should of listened to me when I told you UD-2 was flop 3 months before it was RNS,d, perhaps then you wouldn't be so heavily underwater, but let's not live in the past ay, Taribani is likely to produce IMO, so of the options I have given you, inwould go for 2. Take care
Evening chaps/ladies It simply boils down to the following
1. Tarabini is not flowing at commercial rates and zaza has made a complete failure of himself and the company
2. Taranai is flowing at commercial rates therefore SP is irrelevant right now as it will fly when announced
You decide
Take care
Sentiment is changing here, rathole was right about his 8p which most (including me) thought wouldn't happen, but let's not forget himself and others have an agenda here, they are holding this back, , not him personally but the Outfit he works for, they don't want this above 8p, they will be burnt soon enough! limited stock around IMO and soon the hand will be forced, once the JV in China is announced Rathole/Brimsley/hodge lodge/Colin will be shafted big time, i for one am looking forward to that!
Kenco - EME way oversold, hence the nice rise today, it bottomed out and bounced! Dempsey is producing albeit very small number, I said before, and have said from the start, if they frac Dempsey she will be a gusher, that's an if, I'm unsure they will! TBH I'm in it for China, as are most, I think a farmin is imminent with the 3 wells and they will sell indo off, all imo of course but it's looking good, if they announce a JV then it will fly, it has to be soon or they will be forced to lose the assets so news imminent, could it flop? Yes absolutely, but if I didn't trust the BOD or the vision I wouldn't have so much in it., so as for 'my gift to you is EME' I stand by them comments! As for FRR, again said from start the Gas is a hit and hope, I bought on for taribani and in my opinion I think it will be proved up and numbers that will surprise most, I have added more here I'm coming doesn't this is their time, finally! Take care
Bomber old son,good to see you knocking about still, I thought you was coming to the end of your tether with this lot? holding on for UD-2 wasn't you? Anyway all the best old son, take care