Member Info for mcadder

This will finish above yesterday's peak easily today....

holyroller I agree it's looking really good the mud losses. I think they've done it this time. This marks the spot for a turnaround in the company's fortunes and hopefully ours. Won't take much to get this back to the 3p area...

Nice - just the update we were hoping for. Sounds like they've hit the sweet spot with JKT-01Z :))))

https://youtu.be/YT8syYM3zcg

Interview link for new interview

According to ceo.ca bb volume is over half a mill there. Now that's definitely more like it compared to last week when volume was only 20k shares!

There topped up an extra 50k shares at 25.57p. Ok CharliexGB? Lol. Must admit didn't think I'd see the 25s so soon after todays pleasant news but I did say I'd top up if this got into the 25s....

What do you mean where am I now? I was here this morning posting on what a good RNS it was obviously you missed it lol. I have my original holding thanks even though I didn't top up so am glad in that sense. I wouldn't be calling someone a muppet who probably has a larger holding than you. With today's news I will look to top up if this drops below 25p, and if it doesn't I have enough either way

Bid moving up - can now sell reasonable quantity at 1.085p.....

"Drilling operations are progressing well at JKT-01Z, and we look forward to providing more information next week"

I honestly can't see the update being a bad one with the above sentence they used last week otherwise they would just look silly. So on that basis that results are good or very good this is an easy 2-3 bagger from here...

Wow great RNS all is forgiven!

This was from someone on the telegram group over the weekend....

"The way I see things with next week's expected update on JKT-01Z is:

50 or less bopd - 20% drop in SP
50-100 - 10% increase
100-150 - 30%-40% increase
150-200 - 60-100% increase
200-250 - 200% ish increase
300+ - 300-500% increase ( over a few trading days )

So there is a lot riding on next week's update. Keeping fingers crossed"....

The signs from Block are positive, let's hope this translates into decent flow rates for once....

"Drilling operations are progressing well at JKT-01Z, and we look forward to providing more information next week" (tweeted by Block last week)

Ginksy - I very much doubt your theory re shorters being behind what led to the ongoing criminal investigation holding any merit - I mean I wouldn't even say apart from Robertsham that there are an active group of shorters involved in this share.
But if there were they wouldn't even need to take any active role in crashing the SP - the company have managed to do it all by themselves. So much vagueness, ambiguity and smoke and mirrors that would put even the most risk averse off from touching this.
Osa I think I'm right in saying has been here for over 2 and a half years? He was talking about securing acquisitions back then. Well where are they? Unless they pull something compelling out of the bag soon the next placing will be awful and dilute holders to oblivion. They had a golden opportunity in 2020 when oil prices crashed and stayed below $40 to secure a value enhancing acquisition on top of oml113 but hindsight is a wonderful thing!

"On the contrary you could say it fell for no reason!!"

Err wrong! This dropped from relist price of over 60p to below 20p on false expectations and promises of them producing 5k bopd by EOY (2k bopd needed to service looming debt) which we know hasn't happened, and a 20p placing which was probably being worked on for weeks allowing those in the know to sell up and suppress the SP plus allowing those placing shares to be forward sold in advance. So far we are completely in the dark and have absolutely no idea if the recent £8M placing will be enough for CUDA or not but I'm discounting nothing given AM's track record.

"Donotpanic that would have been mcadder, he said this rose for no reason and I shot him in the foot."

CharliexGB - Err no you haven't. This has still risen for no reason and I stick to what I said. I'm happy to hold what I've had since pre suspension days and although it makes a change to see this rise I, like many am far too suspicious when it comes to copl and AM with the way the previous placings have happened etc etc. So until we get actual concrete news on CUDA or further positive update on production I will remain of the opinion that this is just a P&D and refuse to put any more money in until I am proven wrong. I just hope this isn't happening as a pre cursor to another placing for yet more money to try and acquire CUDA.

I think whoever has been selling recently must be running low on ammo, buys outweighing any sells now - this is primed to head back up and if the news is good this should be back to at least 3p for starters

"Still loafing up" lol

Well I did try to say this was nothing more than a pump in the absence of news which is badly needed to stop the rot, but posters desperate for a rise because they bought in higher up try to make us out as a deluded mad person.

I've no intention of selling what I have in here for now but I'm also unwilling to add another bean here until CUDA is sorted one way or another.
And it was also deluded of some to suggest that we would fly today just because on cse xop they closed up 6-7% with a paltry 23k shares bought...

Seriously guys I really wouldn't read anything into the Canadian market - it's virtually non existent. The volume is only 12k shares! Not exactly comparable to LSE. It's over here where the volume is. Always has been. And for now the pump by those traders yesterday is over with.

Indeed. Not long to wait now. I think the initial results may surprise a few...

Same here sparkz which is why I am unwilling to add any more to my holding until I can see that I've been proved wrong on my previous posts. After all this is copl....

Sorry if it isn't what you want to hear CharliexGB but I'm just putting it out there as I've gotten used to quite a few nasty surprises especially with AM being at the helm. And if I want to give it a rest you'll be the first to know....