Member Info for MadChatter

Some decent delayed buys there.

Can't blame them having one last fishing trip.

The next half hour will show if there is any truth to the twitter rumours. Watch the volume.

I could have guaranteed some person on twitter nobody has ever heard of before comes up with some magical number. Price has barely moved since then. Says it all.

With the (less than) 7 trading days, can I check something. I've read people saying these wirelog days actually include the setting of casing? In which case the actual test would be done ready for Monday right?

A big problem ukog has had and will have is local opposition. But the rmp place is surrounded by massive oil finds, and an extremely good hit rate in the region.

Doubt it. 80% of trades done in aim roughly, 20% on asx. So they never lead here.

I could easily see this drifting up between 25-50% per day until we get the results in.

As others have noted, the risk model must surely have shifted over 50% now of hitting a shedload of oil. This being one of the oiliest places on earth.

It's good to flush out some of the 1.5p guys as we go rather than them all dumping at (e.g) 10p

Decent close for the day, all things considered. Stops things overheating a little. Would've preferred to hold 7p, but still decent.

How long is a piece of string. I'd say if you are looking to de risk you have 2 stages; before any wirelog results, after wirelog results but before flow test results.

If the wirelog comes in decent then I'd say 20p is nailed on. If not then probably back nearer 3p etc.

Another question.

9.5p apprx crosses 50m mcap, would ii be likely to take a position before results, or wait until after flow rate?

Don't they normally release wireline results for all intersections at the same time?

Happy to close here at 7?

There are another 6 or 7 trading days left, but personally I'd say 7p today then adding 1p per day until wireline result would be fantastic.

I should say, for the sake of balance, say 2p-35p on confirmed, depending on if it's good or bad. ;)

Basically if you want "potential" you are going to pay 6-say 15p. If you want confirmed I'd say 20p-35p (allowing for gap up), and if you want production its going to be 50p+

So we can all assess what our risk appetite is.

Potentially only 8 trading days to wait max.

I was in this and sold out last week!

Like everyone else I see nothing at all to connect the news definitively with WDC. Except it being stem cells.

IF there is any connection then yes this will be a few pence before end of the week. I remember well SAR doing something like a 20 bag when people thought they had cured cancer lol.

Wasn't it you Ralph earlier saying wirelogging would be 3 days? I can't see them doing a late afternoon Friday rns, Monday makes more sense.

So there is a reasonable chance the rns could be Sunday night asx / Monday morning here?