Member Info for KumKuat

Don't believe the large trades are sells Somm, probably ISA transfer or a rollover. Bid has strengthened to 450k and ask still tight, says to me that somebody is buying.

Market very well bid, 375k @ 3.865 v ask limited to 20k @ 4.167

If i was selling, you'd know about it and there hasn't been any volume ? your theory doesn't quite add up but heyho.

Carver has bought 7 weeks since last announcement on 13/10, more than enough time to provide a comprehensive update on all operations. Hopefully the additional time has enabled Carver to release a largely positive update as opposed to thinking about new excuses as to why they've not delivered.

Crude back @ $76 but markets will stay volatile until we know more about new variant. MM's have increased the spread to 3.87-4.17p, great business and obviously haven't got a scooby as to news.

KO makes a fortune from great news but i am a tad concerned as to why the debt/equity deal not ratified yet. i suppose we'll know more this week.

News this week and it will be a 'trading' opportunity for those who understand the true value. The Omicron threat will probably supress sp rally on really good news = opportunity and exaggerate poor news = buy opportunity.

Bring it on Clive and no more bullshoite :)

Good shout Un and hopefully we have been a tad hasty with Omicron reaction. All speculation but early indications are more virulent but milder symptoms, let’s hope that turns out to be the case.

Big jump today on many stocks.

…lol, keep going CC.

Evening Somm,

Your numbers are out.

A5 - oil column was c 105m from 4332-4447. Sidetrack is not going to the Devonian, it’s being drilled from 3850m-4500m

A8 hasn’t got 90m at 5000m it has 4 intervals totalling 90m between 4500 and 5000m but as usual, scant detail from Carver and I don’t see it as continuous as he would have communicated that.

Hopefully next announcement is packed with accurate technical detail eg flowing at x bopd of x api oil, pressure at x .

Not the best time to be releasing news so it needs to have a positive bias to avoid getting overly punished in this market. Likewise, good news will probably not get the sp appreciation it would during a bullish market but there’s real opportunities for punters/investors on either outcome. I will probably be adding on either outcome and those who really understand the true NAV will be able to capitalise from the news. I have more than enough stock and my strategy has always been to get as many as I can as cheap as I can but this next news could present a short term trade opportunity on either outcome although I’m hoping it’s hugely positive.

SA and many 3rd world countries won’t get there. Their immunity will come via herd immunity, the only issue there is the far higher death rate as a result. We will know soon enough whether this new staring is going to kill more people or whether it’s just more transferable.

The end state is herd immunity not Lockdowns and I’m not sure whether the worldwide community will continue with this process if lockdowns restart.

Let’s hope our vaccine immunity and antivirals keep it under control.

Un,

Yep, panic pre collating all data, something we won’t know for 2 weeks. From what I’m reading, very unlikely to derail current vaccination program and if it did, they can get new vaccines to market within 100 days. Pharma are much more collaborative now and the red tape and regulatory structure is easier to navigate to speed up the process of getting product to market. They’ve shut down travel routes to buy time to evaluate true position, the right strategy IMO.

Been 7 weeks since last RNS and they’ve had enough time to give a comprehensive update on all assets.

153 was being tested 7 weeks ago and the rig was going to move onto 144 then 146 to attempt more horizontal drilling. Why didn’t they release material news on 153 ? we’ll find out next week. If it is a poor result, have they bought time to re-drill it ? Or have they moved on to 144 and liking to publish results in same RNS ?

SY ? maybe approved after Bico Tender info ?

A8 ? Did they get to TD ? did they find any other intervals in addition 90m discovered from 4500m ?

3AB - licence approvals taking an age but hopefully the recent news on block purchases signifies that the process is speeding up.

Barge ? Advanced talks means close to a deal and if we’re involved in the latest exploration activity in the N Caspian, should be getting good news .

802 should be spudded as per Bico Tender info

Surely there have to be some positives in next update and the odds should be hugely in our favour of a positive outcome. Never had so much to report on and the activity will continue as we move forward so we’re odds on to see sp appreciation from here.

No more jam tomorrow Clive, time for that ‘Sunrise’ moment and no more Carverspeak.

Un, no they haven't and maybe mutation is not going to jeopardise current vaccine efficacy BUT the market has voted with it's feet today. Hopefully a storm in a tea cup but leverage is getting mullered and opportunity for those who have appetite for risk and solvent enough to play.

My future son in law is dabbling in the markets, and i could hear him this morning, panicking as his portfolio was down. Asking me whether he should sell but a calming response, you're not leveraged and if you've done your research, sit tight. There will be many kids playing the markets as a result of Covid, dabbling with Crypto, green energy plays etc but a lot of them will be leveraged and learning life lessons if they're leveraged.

If Casper drops significantly, i don't believe it will but if it does, don't look that gift horse in the smacker for too long, buy some more !!

Causing carnage and a day for wealth transfer as leverage getting squeezed especially on the run up to Xmas. Cruel old game but you have to be solvent to ride the ups and downs.

Lots of bargains to be had if you can afford them and willing to ride out this storm. Crude taking a beating as will any of the larger oil producers.

A morning for picking up BF bargains. Took a slug more RDSB today, rude not too:)

Alleluia …lol :)

Yep, very boring, let’s hope that this time it’s been worth the wait. Even if we just get SY, the turnover will be c$50m pa at current crude prices. Ain’t going pop and the revenues will build through shallows alone. I’m sounding like a broken record but we’re not going to lose money from these levels :)

Disappointing to see the retrace but the MM's have played a blinder. Controlled the sp on the way up on minimal volume and done the same on the way down. Nov 8th to date, sp has gone from 4 to 5p ask and now back to 4.25p on absolutely tiny volume. A real shame we didn't see buying appetite at 5p as maybe it would've attracted TA money . Good news and we continue the trend north to double figures, great news and 10p +, really great news ? could get silly. Poor news ie no developments on any fronts, back to the mid 3ps.

Optimistic hat on for the Blockbuster and looking at the trading, nobody has any clue as to the likely news content.

Un,

It's all over the gaff and as stated, too many factors affecting supply and demand. Biden can open the taps but Opec+/Russia have no desire for the 'stock pilers' like China, India etc to benefit from more cheap oil. 2021 balancing the books after a bargain basement 2020, time to continue paying the Piper.

Covid is the loose canon as nobody knows it's slowdown effect but a simple answer, get vaccinated and boosted.

Re next news, as a minimum i'm hoping for ST award . 153 ? i can't see how they fail on a horizontal into an existing reservoir ? If there were issues, they've had time to drill again but why haven't they released to date. The barge deal, i think still not concluded and maybe that's why they're buying time as not far away. 802 spudded and maybe HD @ 144 started too. Everything else WIP for me but i'd love to see commercial oil at A8.

Trading volume is tiny as PIs have taken their positions and the recent retrace was disappointing but not unexpected when the volume albeit small, is largely red. Worst case back to the high 3ps on disappointing news, best case, could be through 20p with A8 but won't get there until a 90 day flow test done.

As i keep saying, we make money from here.

??
Gritster, the right news could see sp through 10p. If it was poor news on all fronts and i find that very difficult to comprehend, then yep, we're going back to the 3p range but i believe that would be short lived. Shallow production with SY justifies a c 5p price tag and the barge sale is probably likely too. The shallow production wil build over the next year so you're not going to lose money from here. The big news is A8 and other deeps but that's a continued WIP for me but wanting to be proved wrong. The only peeps that should be concerned about bad news are Traders, especially leveraged ones but if you own you're stock, you're ok.

Yep, it would be and even nicer if prod gets tamed up quickly. SY and 153 would add welcome production and obviously an A8 result would throw the cat amongst the pigeons.

We’re in a far better position financially than at anytime in the 14 year history and there’s not a better time to start ramping production and benefitting g from current oil prices.

Selection box ? I’d take that with an emphasis on the A8 and 153 as being the Hotel Chocolat numbers :) We can but hope .

DM,

If crude averages $83 for Nov/Dec, the annual average will be $71.41 ,the highest average price since 2014. Let’s hope it doesn’t break back and Uncertain’s $95 is next destination. Impossible to call it when soooo many factors affecting it and Covid effect on demand being so unpredictable.

DM,

That is the question. Since high, the graph clearly shows lower highs and lower lows and my guess would be $70s unless Crude breaks back above $83 and it's trying it;s best, hopefully it does :)

Somm,

News next week ? is that informed from peeps speaking to our loose lipped Chairman ?