Member Info for luckyswimmer

Yes, a decent flowrate should help start a recovery in the share price. These scurrilous rumours of placing funds being diverted to other companies suggests that either shorters are desperately trying to close or someone is trying to buy cheaply. Yes, previous placings were clearly badly handled but now UJO is way too cheap given that Wressle is producing just as the oil price has risen over $80 and WN hasn't been written off. Expecting an upward trend soon.

Yes Rosso, that's how I read it. Some good assays coming in November.

A disappointing test result to have no steady flow but not a complete disaster as gas and light oil/condensate were found at WNA2 and WNB1-z. The fact that they can't decide if its oil or condensate suggests it's a mixture of light liquids which no doubt would nevertheless be valuable if they can get them to flow. Perhaps it is the very fact that they have a mix of gas and fluids which is making flow so difficult - as soon as the pressure drops some liquids become gas so they can't design the recovery procedure as an oil producer or a gas producer but somewhere in between. Hopefully the external studies to be carried out can come up with solutions, at least there is more than one hole to try different reservoir stimulation methods on, increasing the chance that one will work.
Note to self, don't buy small oil companies until the first well fails to flow when the price becomes a bargain.

Today's crazy gas prices are equivalent to $260 per barrel oil cost. This would be a great time for a nitrogen lift to be successful at WN A2. I'm surprised the share price hasn't reacted yet to soaring energy prices.

Good news that the money is to be used to expand the company in particular drill the Biscathorpe sidetrack and not to buy financial instruments. Bad news that the placing was done at 22p, a 30% discount to recent prices but slightly better than the outrageous 40% discount last time.

Rabito, agreed, spending so much valuable time on Kuparuk when there are 4 other targets with positive indications while drilling suggests we are looking at better than 30% cos on Kuparuk. My back of the envelope calculation assuming 30% cos for each zone is 83% chance that at least one zone will be successful. Those odds are too good now there have been no further mishaps during testing so have sold another chunk of 88e. Locking in the unexpected reddit profits I now have a 10 to 1 ratio in favour of panr vs 88e which is perhaps a bit too toppy but 5 zones worth testing in a prolific part of Alaska is unusual.

Ah the reddit boys, if they start chasing small oil stocks that might liven things up. Roll on Monday. Perfect storm, rising oil price, 88e drilling for 1.6bn barrels of oil and 100,000 new investors trying to get some illiquid stock. One can always dream.

The volumes seem too large for a pump or dump. Either Talitha is coming good and someone wants our acreage next door or there is a farm out offer on the table or (less likely ) they have found good shows of oil at a shallow depth at Merlin. Take your pick but its unexpected and encouraging for Monday.

Talitha encouraging well results right next door to 88e acreage is good news. If the zones flow commercially then 88e acreage should be commercial too.

Careful starvest after this morning's rise you are in danger of losing your well earned reputation of being sluggish.

A surprising number of negative comments, I would have thought shorters would close after seeing eua setting out the stall for a sale and reopen on the next spike. Seems risky to hope for a fall from these levels when confirmation of the flanks can arrive any time.

That woke me up, did someone say 450p

21p for me

78% chance over all if you believe statistics but success on the aim market is rarely that simple.

I was surprised that Malcy made no comment on the most exciting RNS by panr in two years - is he buyimg or just too lazy to update his article? He's usually on the ball.