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Anything sub 5p is a very good entry point this company. As with all shares, risks are involved, but i honestly think that the BOD are currently setup for a great year. Cant wait for the charge as Heron is underway and into the 3-5 week drilling programme, what realistic price do people think this could get to prior to announcement of oil discovery. Ive heard 25mbb, @ $60 = $1.5b revenue, take away $14 production costs = 1.15b, taxes and fees = $800m. Are my figures complete crap? This is over the duration of the well, running 10 years for revenue so 80mill profit for the company from that well per year. Surely 15pish IMO?
Great post, i knew many of the facts, but this was very interesting to watch. Really all about Heron-1 kicking off soon. Gazelle and red deer being this big hitters not on till Q3, so i personally think that these wont be until October time. Were going to see a steady climb and a hell of alot of Yo-yoing in between. If you catch this share properly, regardless of actual oil results you can make a killing here. GLA
Dont understand why this is falling daily.........must be due to no comms from company. They should really release an update confirming current status and target date of drill. Its a risk as it could be delayed, but if its on time and on target will easily climb with news. I personally cant see all four drills being delayed with a fully funded programme.......GLA
This share price will all its upcoming activty in the next 12 weeks easily have the potential to hit 8 - 12p Ive picked up many more this morning. Im not going to stay for all 4 wells, but certainly looking for 60% profit. GLA
I said before the Nigerian election with was Bust or boom on which candidate wins, we backed the wrong horse and lost. Joke of a BOD, joke of a director and joke of a company. This is final post from me, lesson learnt. Stay away from AIM listed, pipe driven, Nigerian wishing, Canadian co owned circuses. GLA to all long term holders in any other shares you have. I hope you recover and also learn from this.
Worst investment decision i've ever made, ran by the worse BOD ive ever come across. Excuse after excuse, delay after delay......yet salaries are paid in full, on time, every time. Outrages the lack of info released from the company. Heads should roll.
Without continuing to add to the depressing negativity that understandably surrounds this share, all it really needs is a blockbuster RNS and this will fly. Long term holders have been very patient here, and we really deserve to see this back a 1p in the short term. If it includes, all signatures have been met, currently looking in the market to appoint ships for Early production scheme, we have as set Target Drill date of 1st May.....BOOOOOOOOOOOOOOOOOM GLA
How can you honestly expect a company to create value in the market when you do noting but LIE constantly and just host placings to pay 400k a month to a team to do sweet FA and then blame it on "African Time". Joke of a company, im tempted to sell up what little remains i have here and hope for a double up and then double up again elsewhere. GLA
TBH i cant say im surprised, i have a bad habit of investing and holding it until it comes back to min what i paid. I, like many others should have sold up at a huge loss and long time ago and been flipping a return from RMP and MATD. Im starting to accept that this party is over and Art is the biggest waste of space ive come across. Pretty much in the same class as TRP this one.
Exactly what i thought...................
I can see large growth here, onse MA is appointed another large rise due. Good time to get in for the short term. GLA
Ideally it would be at their Public Relations office:
Yellow Jersey Pr
30 Stamford Street
London SE1 9LQ
Firstly we need to establish if we think we meet the 10% worth of shares between us. After that we need to send a formal letter to COPL Head office calling the EGM stating we meet to minimum share holder quota to do so.
http://www.fsk-ees.ru/eng/media/File/general%20meeting/Procedure_shareholders_calling.pdf
Lets get this fire started.
Does anyone know the actual process to call this. I would like to get this going and get some real answers from the BOD. We need to start addressing the running costs that this company is eating every month and justify/divest where we can. Its time to actually get some target dates in place too, as this whole "within a month" is simply a fabrication.