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Very nice statement from today's financial results:
"So far, Upland Big Oil Sdn Bhd believe from their preliminary study they have identified prospective hydrocarbon plays which hold commercial resource potential in block SK334."
What a load of whinging old tosh. The facts are these: the share price is up 6x in less than six months. The market is still digesting a very large placing, so the inevitable overhang is still being worked through. And lastly, but most importantly, significant progress is being made operationally.
You have nothing to moan about!!
Yes, I had similar problems with Hargreaves Lansdown - mind you they are useless.
Which broker do you use Boom123?
Cheers
************* were saying all the same things about EUA - look at them now
It might seem logical but you simply can't cut the middleman out this time. If you want exposure to Rincon at a decent price then the only vehicle to do that from the UK is via Gunsynd.
I'm expecting the share price of Rincon to go ballistic post-ipo on the 10th Dec. Their acreage is superb. Could very well be a GGP mkii.
Yes, I've followed that particular character on Twitter for a number of years. He's an awful trader. A real chancer. Just recently he was pumping Chesterfield Resources and Regency Mines - just have a look at the share graphs of those two companies!!
Personally, I wouldn't want to buy into Avacta after such a massive rise There's not much left in it imo. If it doubles, then that's a 500 million market cap. Seems bloated and not much margin for error. Plus, they have been in a similar position when Zika virus was around and they couldn't commercialise it back then. The jury is still out as to whether the ceo of Avacta can actually deliver anything commercially. He likes a placing though. Time will tell.
BRH has a small market cap and much further room to grow with an 11 million valuation. Peanuts. Each to their own I suppose.
It must be me but I'm not really understanding your problem with today's news:
“We consider Hammerhead in many ways to extend into our block, meaning that Hammerhead is a discovery also on our block,” Holzman said.
“We believe that it will be some time in the near to mid-term future subject to unitisation talks and we (will) try to start those talks based on the geophysics, which are very clear to all parties, instead of spending some $40 million on a well that basically nobody needs to drill.”
eh? What are you talking about Starvimarvin?
Great news today; particularly with the 44% cos. The quote from the first RNS is very telling:
"We have a great deal of confidence in the selection of the Jethro-Lobe drill candidate; the Partners are unanimous on the selection of the location, reservoir quality, charge and production characteristics and view this candidate as having a high chance of success and potential for a first discovery."
The fact that Total are using their state-of -the-art computers to process the 3D seismic is highly encouraging. You either trust the team's judgement here or you don't.
I think the market is waiting for the OPEC meeting in December. Seems to be some chatter that the Saudi's, Russians and the rest want to see a slightly higher oil price and hit that sweet spot of not too high and not too low (managing costs etc), so will choke off around 1 million bopd to get oil back in the $70-80 range; which is where most analysts see the oil price stabilising for much of 2019.
Looks like a few weak hands still leaving the table
Decent RNS - still very low number of shares in issue - expect it to settle around here for a few days, maybe slip a touch more and then recover back to the mid 2's in a couple of weeks. GLA
He is staying on - as a NED. From yesterday's RNS:
"Adrian Pocock, the current Chief Executive Officer, will today relinquish his position to John Wood, presently the Chief Operating Officer. Adrian Pocock will remain an Executive Director of the Company undertaking business development activities and will effect an orderly handover to John Wood until 31 October 2018. Thereafter it is intended that Adrian will become a Non-Executive Director".
Could it drop further on Wednesday after spud news? Oil companies usually do fall on spud these days
I thought the rig signing ceremony was supposed to take place over the weekend to much fanfare? Maybe some photos on Twitter later or maybe a delay of some kind?