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Jaggers, ONGC have a tender for supply of bits and equipment (not sure of any rig) for SOL-1. Their website has not been updated with any outcome but it's clear they are prioritising the spudding. Sentiment at the moment would see a good reaction from the market on any news on that front and is likely to come at any time.

HNY Margaret. That would make sense. Just cannot see anyone getting that price today if they were buys. Sp finished up so somebody happy to take them.

Just noticed them on the ADVFN bb, volume up... :)

Futures for Brent looking good. Saudi's are cutting production in order to force up the price to $80. This is so they can meet Government spending targets.

https://www.investors.com/research/futures/crude-oil-prices-us-china-trade-talks-china-trade-war/

I'm looking at roughly 5m buys v 4m sells. I think there was 2 x 500k sells this morning and the sp did not blink. I'm guessing not many left at this price but any positive news should move it quite easily to the 22-23p range now we have had some consolidation.

The Saudi's intend to ramp up Government spending and have disclosed that they will cut oil production in order to drive up the price of Brent to $80. Futures looking very good for producers which is a total reversal of the recent trend. I think we are on the 8th successive day of gains.

https://www.investors.com/research/futures/crude-oil-prices-us-china-trade-talks-china-trade-war/

Tabither, 3 trades on NEX Ask at 31.

Worth a read. Outside of news from AMER it gives investors a clue on direction and priorities. Note a tender for SOL-1 for drills bits and equipment. !!

http://www.ongcvidesh.com/tenders/

Guys, the point being overlooked is that it's not taking the sp down with it. Being absorbed. Supply and demand.

The President of Columbia is good enough PR. He will ignore protocol and regulation in order to 'talk up' the country's assets and economy. For the last 2 years the dollar has been strong against the Peso and inflation high. The only way they can trade more efficiently is by propping up the price. For the moment, everything is in favour of the producer, cheap labour, recovering oil price, favourable licensing terms. More foreign investment, the better for the economy.
AIMO but that's how I read the political situation.

Awstin, if he was I would still shake his hand. Allowed me to buy very cheaply as his teddy hit the floor. There was never of a better example of 'cut off your nose to spite your face'.

Is our seller finally clearing this morning? 500k trades but sp holding up well. 20p resistance likely to go if so.

Hi spurs, great thanks but now back in France. Likewise, hope you had a great New year. I'm sure your footy team are bringing you some pleasure. Still in the doldrums here but we will have our day. Largely sheltered from the wider markets as some investors will see bio's as a 'port in the storm'.

oily, likewise. Averaged up, price at .1983. My lowest being .104. Maxed out in both now but confident that the majority of the news to come before H2 will be positive. Development of Ind-1 is 'a given' imo making the current sp ridiculously low.

Morning Chelsea and HNY. Still regularly look in here so aware of chat and opinions. My comment was 'tongue in cheek' btw. bb much poorer in my opinion with Bermuda throwing his shorts out of the pram. Probably one of the most knowledgeable grounded posters on LSE.
My opinion is the market is totally different to 10yrs ago. The fundamentals are largely being ignored in favour of quick profit and swing trading. SCLP (and many others) are caught up in that. An example of that is ANGS. Many on there will not be concerned about producing but will look at making the money on the back of fellow traders. Yesterday their sp rose 10% at one point based on the sighting of an oil tanker that could have been carrying oil from the Weald or contaminated waste from their current well test. The latter being the most probable but ignored.
When you look at other bio's completing successful trials, MTFB for example the investor chooses to ignore it. Why, because of time.
Going back to the early IMM day's, I often posted about time being the hardest ingredient of all to invest. I would argue money being the easiest. I think, and of course only my opinion but investors will hit this hard on the way up as they realise the rewards. I know most will disagree and all those well researched posters will grumble but that is the current investing mentality.
Yes, there will be spikes as things become more transparent but most of the money being invested are by people/institutions looking for a quick 10%. If any deal was announced here then the sp could rerate significantly. Probably over a number of trading days. If it did, would 30p be too expensive. No if it went above 100p.
I believe shareholders will be rewarded here, of that I'm sure. What I cannot be certain of is timescales.
Sorry if my opinion (and it's only that) conflicts but I'm sure it will open up some discussion.

Torquay, I don't want a ban for being disruptive but if you was pushing me for a name..... :) Not a bad sector to be in with what's going on at home and in the wider world. Wish you and all the LTH's the very best here. It's been a long long road but you will have your day.

'keen to meet demand from as a result of growth...

I see that Bloomberg are reporting that India's GDP is now at 7.2%. I wonder what India's Ministry of Petroleum and gas will do in order to secure supply and maximise assets? Their overseas arm of Oil and Natural Gas Corporation Limited (ONGC) will be keen to meet demand in order to meet demand.
Anyone know of a company valued at less than £1b that could enhance their portfolio and add to supply? Have bought 3 tranches here but will add on any weakness (if the opportunity arises) Struggling to see any better value out there at the moment. DYOR as they say...

https://www.cnbc.com/video/2019/01/07/is-an-even-bigger-biotech-breakout-ahead.html

Come on guys. Early bird catches the worm. Happy New year guys.

https://www.cnbc.com/video/2019/01/07/is-an-even-bigger-biotech-breakout-ahead.html