The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
The oil will come good I'm sure of that, when the market wakes up this will fly! only reason it isn't now is FRR has historically led investors up the garden path with false hope and expectation, you know the age old saying ' once bitten twice shy' well that is more than appropriate for this share! A lot of apologies owed here. fire, Coggy to name a few, I was ridiculed when I called soviet well damage months back on UD-2 and it wouldn't flow! I was attacked visciously by some posters and accused of de-ramping all sorts! Please wear your suncream today. Take care
If I was a betting man my chips would be on Taribani right now, was only 50% before but I think this is extremely likely to happen, finally a breakthrough For FRR and a gamble that is likely to pay off imo! They need to leave ud-2 alone now, i hope they don't try and chuck any more money at it, when it could be put to better use elsewhere, wast of time sidetracking it, tight shale play - leave it alone now and concentrate on the oil, sept .9 imo, mark my words! Take care
Finally FRR looking like they will be proving up an asset, ud2 was always dusty and never going to happen, but, as I have said from the start, the oil is VERY likely and could will be the game changer for FRR (finally). These chips are very cheap with the current news flow and a producing asset , in my experience and opinion this will be at .9 come end of September! Take care
Morning folks ! Fire and co questioning why I called UD2 dusty months and months back, I stated to much damage for productive flows imo and I was ridiculed, I will accept your apologies fire and co! Meanwhile, in better news, the oil is looking fruitful, it’s worth holding out for that alone with the oil prices rising consistently and it’s looking like this will gush, hold on to your hats boys and girls this will be a bumpy ride before we see the riches. Take care
For Zara to give meaningful figures, so we all know the gas is a dud but flow rates on the oil is needed ASAP, RNS wasn’t great, could of given an indication and stop dangling the carrot. End of July no flow rates then same old FRR and I’m done, as will a lot I should imagine. Hope your all wearing your sunscreen Take care good luck.
Aubree you have changed your tune, when I suggested this was a high possibility months an months back you was quick to vilify me and ‘report’ me for giving out financial advice, if only you had of listened ay you wouldn’t be in his utter pickle! As for some of the others ‘Averging up’ in the .6s, dear oh dear! If we are lucky the oil will come good, I’m in until end of July either way! Take care
You wouldn’t be topping up then, You’d be averaging down if your at a loss already. Casino has not been kind to you so far, perhaps have a bash in another sector, O&G isn’t for the faint hearted! Take care and good luck
Bit from Malcy today on the new boys on the “bloc” in Georgia, refers to FRR also, not really relevant to much to FRR (bar being in Georgia), but worth a quick read regardless! ! Take care
Evening chaps, still hanging on here, will hold this until end of July either way good/bad/indifferent.. UD2 I’m not holding out any hope as most know but T-45 fingers crossed, hope your all taking care and wearing your sunscreen. Especially you offtheball take care
Goodbye Rathole, you had a good run! Size of the prize just got bigger!! Enjoy
There is going to be a bit more pain before this rises, the oil will flow and the sp will rise, but until then possibly .38 on cards then a bounce! this will go back in the drawer for a few months take care
Ratty it can still be a wildcat, even if it is an Appraisal well! Could well of been dusty but they took the chance, and ok a far from great result considering how it was ramped pre and during drill but it wasn’t a complete failure, it’s still vital cash in the bank as oppose to nothing. I’m sure it’s the progression of the Chinese asset people are after, I’m sure many, including myself, will base any decisions on the outcome and progression of this.
Coopgare great post as ever. Dempsey was a flop no dressing it up, but worst that was going to happen was we drop back into the 10’s pre drill price. Producing but at a pi** poor rate, no gusher but was a gamble, this is AIM after all! At least now the Dempsey gamblers are out and we can me forward with the reason myself and I assume most are in for, the oil! not to mention the successful Indo project! Rubbish day here no dressing it up and it let’s Rathole have his day! watch out for that Chinese silver lining, could be big bounce very soon, GLA. 8p ahoy it certainly won’t be! ;)
Confident on the oil, gas not so much, but added another 151k shares to the kitty based on that! Fingers crossed! Take care
They wouldn’t have said that imo, if they did that it would have kicked the ar** out the SP and they wouldn’t have got away with the placement at that level, hence dangling the carrot! I agree it has flowed but I really don’t see a com sustained rate being upheld, what they could of done if they believed it would flow commercially is given an initial flow from the well on a higher choke whilst continue on production test and evaluating the data, but they didn’t, which makes me believe they couldn’t gain any sort of sustained flow at that level and knew that once it came to production they would have to lower the choke and it would produce sub com, so didn’t disclose! The decision re the gas imo is based on current finances, if the oil is a goer especially creeping up $100pb then this is a game changer, once the company starts bringing in cash and proves up an asset the market sentiment will change along with the MC as the SP rises and he may just change his mind on that, unless a buyout of course! who knows, as you say red or black!
Pyrotech I wasn’t addressing you but glad you are keeping safe in the sun. I 100% agree, listen you think UD will flow I don’t, t-45 we agree on, we will agree to disagree on that point, I actually think your posts are very informative. Enjoy
Bongabob, you been smoking the funny stuff again, if you could read RNS spin you would know, I have said all along T-45 is likely to flow and I do believe commercially, UD-2 not so much, will flow on a high choke but not sustained, once the the lower the choke for sustained rates the depletion curve will be too great and it won’t stabilise at a com rate! Imo of course! Take care bob Marley.
Rainbow you are mistaken, you are holding a pair of jokers , Dustin and zaza! Pjohn is right to moan, it’s been an utter shambles and I don’t think anyone could disagree, need t-45 to gush and then to hold fire with UD-2 clanger RNS. Take care, make sure you put suncream on.
Well said phil! everyone needs to lighten up, it’s the royal wedding tomorrow, and of the course the kingofengland would be there but he has other pressing matters to attend to, counting his days takings from another successful day on the AIM casino, not sure many could say the same on here? perhaps I’m wrong, it’s possible, anyway all the best to LTH and T-45 will reward US I’m sure. Take care
Bomber - I noted your comment re EME, 10bagger Easter I said granted was wrong, but the ten bag still stands soon as the JV for China drops, keep an eye out! Time for the white flag and join me? :)! Have a good weekend old son, take care