Member Info for luckyman2

falklandinvestor Have you been buying then?

Seems to be range bound around 2.60 -2.85p I wonder if we can hold the SP in this range for another year?

falklandinvestor Well you must be a dreamer as well. You can only dream for so long then you have to wake up. Just look at RKH holders all wishing and dreaming day in day out. I would not be surprised if PMO delay their final decision to develop sea lion even further till say 2019

Just another dreamer like ourselves.

Pump and dump Money to be made when that happens. Nothing going to happen here this year. Falklands is going to be quiet till 2018 at least .imo

I think next year will be the best time as i expect oil price to recover at the end of 2017. imo of course

http://www.bloomberg.com/news/articles/2016-11-15/worst-still-to-come-for-norway-offshore-fleet-as-more-rigs-idled

Down again today. Whats new. back to 1.60p again within two weeks It was exciting while it lasted.

Should be able to top up again around 1.50p in a couple of weeks So predictable

Down another -6% today so far. Like i said earlier we will be back to 1.60p in no time. The excitement was good while it lasted.

Down another 5% today Should be back to 1.6p by the end of next week at this rate of decline

Looks like we will drift back down again. -10% in friday -5% today so far

Mrbond All the rules and laws passed by Cristina arestill in place . Nothing has changed although both Goverments are now talking.

Chevron wont be allowed to invest in the FI are they are heavy into Argentina shale exploration. Remember any company invested in the FI will be banned from Argentina

Something might be brewing after all.

wordog You are right as i have seen this trend twice before as well. At least it keeps the long termers interested.

Could be a Farm-in

We have no option but to wait for at least another year or two. Our SP is now too low to do a fund raising so the only option may be to either farm out 80% of our licence for a free carry till production or go the same way as ARG and hand over operatorship to a Major for a % of future production royalties.imo

https://www.theguardian.com/uk-news/2016/sep/08/argentina-promises-respectful-cooperation-over-falklands

All that they will report in the interims is how much money they spent and how much is left to spend mostly on the Directors salary.imo