don't forget the Colon 1 well! That'll be palced on production within 45 days of the last rns on 17th March. Happy days for PELE. Lots of positives lately from PELE. Topped up with some more earlier. The more I hear and read about oil finds in Columbia, the more I look into explorers in that part of the world. Recently I bought some PRE, which seems to be going places. There is a lot I like about Columbia and PNG for resources that I find myself topping up on PELE and RIFT quite often. I hope PELE moves up rather in April than in March because it was my pick in the prediction league for April hahaha.
I fancy this to not move much until mid April at the earliest. End of April should see more possitivity when the well is up and running, and producing IMO after being in this share for God knows how long.
Know what you mean.As I bought many at 18p, and again at 22p, and after reading up on the company I feel happy to hold long term. It's just one of those shares I feel is relatively unknown and undervalued and that I got it very cheap! Happy to let it run. When I trade, it's with the bigger companies. As you know, some of these smaller companies can take forever to move, especially in todays climate.
I think it's very undervalued. Great projects, production will increase greatly, more revenue will mean more drilling. As there has been a great find for a small company with a market cap of 11m, more good drilling results could be expected in the area. I'm in long term, like 80% of my investments. PELE, RIFT, SER, RGM amongst some others I hold long term could at any time fly, and so always keep them, and not sell them.
in there. "flowed aproximately 1200 barrels of oil" (per day), "significant uplift to the existing production", important commercial oil discovery", "will be placed on production in approximately 45 days from now". Worth reading in general, and get a feel for where this company could go. Glad I own some of these, and quite recently topped up to bring down my average slightly.