Member Info for Loz786

They did say, weather permitting then it'll be April but can't see any reason why it shouldn't be April for now, as it's good on that front.

Absolutely, I see that it is now getting coverage too. Just a waiting game till May now :-)

Believe the workovers each will take 10 days and then maximum 30 days for testing etc.. takes us to H2 May. However, by then (early May), the main drill prep will be ongoing :-)

I genuinely expecting a decent rise up to 250p come spud, could be higher and then should have next leg up once Oip figures are released IMHO. It is a wait and seems to be bouncing off 180p but looking at minimum 40% for 5 months is the minimum I am looking at. Lets see..

...not drilling till August IMHO, so not expecting a real rise for another two months yet or at least until rig has been mobilized for statoil for their first drill, which is not till Q3. Buy while it's quiet ... Nice to see further consolidation around 180 :-)

Has the rig moved from UAE? once it does, then expect real movement to take place. Buy while it's quiet. Should be a good April for SRSP / RBD and my beloved MATD. Have a good weekend guys!

... not to forget rig mobilisation in H2 April too, with drilling in May.

Expect the worst and hope for the best. However, if the worst were to happen then I can't see it dropping below 7p for too long, as there is a new drill in September. Have a good Easter all!!

Might get news of 101 next week? Expect Licence news in April.

Once we see the rig moving, then I expect the price to act accordingly IMHO.

Thanks

Place your bets ladies and gentleman (price on 28/6/18) ( current live price: 0.65 ) Persimmon: 0.85 Stocklife: 2p Chrishutch: 1p Boom: 2.3p wonderer: 1.5p jdosso: 0.90 escargot: 1.6 john077: 1.4 jjfluter78: 1.2 Loz786: 1.57

Expecting 101 news soon but here for the main prize of 103. Doubt, the price will increase much on work overs, unless significant increase is reported. Hoping the work overs pan out with these work overs, so we don't need a raise for 103. Things will be much clearer after work overs have been completed and expecting licence news latest in May.

Sorry, we can't wait :-) Rig mobilizations in H2 April, guessing about 3 weeks or so from now and then drill early May. Let's not forget future asset news, it's a buy all day long here.

Agree Weapon, i think once people see the rig moving off UAE. I can then see people piling in, which is odd, as you can easily buy now, hold now and in about 6 weeks or so (my prediction), they should be drilling.

Who knows Graybird. Lets see what number the drill brings back, as OIP can be much higher, so 500p would be too low to sell. We basically in April now, I think we got couple of months yet before it starts to move but one shouldn't wait till it moves to buy in, as I think the quiet times is best time to buy ie now.

Permit in Q4? so it's touch and go of drilling is in this year. Hopefully, they'll get a Jc by mid summer and then it will be multiples. High risk/reward here.

H2 April rig mobilization and drill in early May, what's not to like?

SoundingOff, you could be right but I'm just going with past experience of Aaog etc, so don't want to be kicked in the nuts lol Expected Licence news soon, result of first workover (maybe they waiting for this before deciding re funding) then May workover and of course 103.

I believe Statoil will be drilling 4 Wells from Q3. First is a exploration drill, which assuming it would commence say, mid June, not sure how long this will take but assuming the average drill of 4 weeks (assuming no issues), then the rig would need to be mobilised for their 2nd drill (verbier), so rig mobilisation and rig set assuming 2 weeks, hence I came to the conclusion of August. Just a opinion. However, this could be shorter or longer duration, so just made a assumption which is in the middle. However, expect interest to take place before first drill is completed.