We would love to hear your thoughts about our site and services, please take our survey here.
I tend to look at the number of posts, rather than opinion, you would get burnt in this minefield if you went off most of the jokers opinions. i am invested 750k shares so reasonable punt. But i still have no opinion i would share, for me its a risky investment that may be rewarded but would not want others to follow me, they have to make their minds up. For me its all about production figures, can we increase above 2000bopd. That then turns this risk on its head.
Midday News maybe? sharp movement in last hour.
I wonder where this wil get to today. Nice start to the week looks like blue days ahead
I think it will go down before it goes up. with over 1% of new shares due to hit the market, that were purchased at 18p a few weeks ago. just above 20p is the target price on this one. 8 days to go, or have they started forward selling the shares already who knows.
Steve E60 i see the error you are used to the operational update that normally comes second week in the month and not production figures. Not sure if we will get an operations update this months as the GGS project has been completed. But we might. Actual production figures are always a month behind. From memory last month was circa 37000b.
Production figures for July will be with us this week. Alot of specualtion as to what they wil be. LOI mystery, will this turn into a full blown JV. Lets Hope. The things we do know this week. Oil prices is now $85 an increase of $10 all additional profit from last quater price. Secondly the £ is falling agaisnt the dollar and is forcast to continue to do so. On todays oil price of $85 dollars a barrel does anyone know what the the breakeven point is BOPD.
Noticed that no bonds have been converted since the 1st Aug, i assume this is because they have setted the interest chargee rather than issued shares to cover them. Is this assumption correct?
I brought 2 weeks ago on the news of the LOI, Production is the key driver atm. Last RNS did not give any encouragement that the work they have completed has proven worthwhile yet, hence the retrace is price. As the flows are increased and rates steady out i would expect an update regarding this not a update next month. LOI is just that at the moment nothing committal, but going in the right direction. The real mover here is the production figures. And details of LOI leading to a contract to FO
They think your speacial trust me pal
Been away for a while when will we get news on the SMD
The slow climb back up looks like its on, several days now of positive gains, little by little. Big Trades are being posted every day after the market close. All the signs are looking positive
12.31 Yes, I agree I would like to see £2.00 but there are a lot of boxes to tick/complete in order to move in that direction. Need to confirm flow rates, move into production, and have funding to drill further wells. Last year £1.50 valued the company at £1.3b a tad overpriced at that time, I think we call them spikes. How much revenue do you think they will get from 1 well, not much. The long-term play is the development of the field. Assuming Jay is right and we are about to get good recoverable results from the well.
Saw the same things with TXP stuck at 17p when they struck oil, and sailed northwards afterward before retreating to 70p, positive news flow over the next 2 months, I think that's what Jay promised. The video of the production facility is very encouraging. A bit better than a white patch 88e. You don't build permanent production facilities if you not very very confident. Will stay and watch the market manipulators have their fun before they get bored/burnt and move on to the next aim target. Happy to remain an investor here, daily, weekly fluctuations are just that, let the flow testing begin, hopefully we get 750bo per day after prolonged tests. Then i see £1 as a easy target to break with further upside from Data Room, and perhaps a farm in.
I'm happy to hold until AGM, drilling in -30c does have its challenges, but I see this today as a better prospect than it was 3 months ago. North slope drills are prone to problems, but these seem to have cleared them all up.
"We plan to have a technical webinar associated with our Annual General Meeting next month and will advise details for that shortly. We expect Alkaid #2 to have cleaned up by then which will provide a lot of new data to enable a far more robust and representative assessment of Alkaid#2 than the reported testing data to date. We will also present our latest assessment of the results and the impact on our much larger Theta West and Shelf Margin projects. Additionally, we will update you on the progress of the proposed Independent Expert Reports for both the Theta West and Alkaid projects and of the data room for our farm-out process."
With Positive news flow will we get a positive blue run? Looks like 5 weeks before the next update.
https://www.energymanagermagazine.co.uk/second-phase-of-stoke-on-trents-heat-network-is-under-way/ old news but still very relevant
im in. 40p looks a good level holding around that, lets see what the yanks make of it, and remember those shorts will be closing out which means buys coming in heavy later today.
waiting patiently for 30p then I will take a punt, 1 well fckup does not cost 300m that's whats been wiped off the value of the company today
Its Yahoo, i'm surprised there are not any spelling mistakes.
Nice little tree shake back up above 2p US start