For my take its - MB knows there is something in SL1 but not sure of what hence no fuller update today - but there was no bad news or overrun expected- runes are good so he is ‘pleased” to announce something next week. Given his need for cash in the bank caution, I think there is enough in SL and WH to get a farm in deal so why let a rig contractor mess you about on xx, we are in the box seats hence re-tender. I’m holding GLA.
Interesting to see if we get another buying lump this Friday as surely RNS has to come next week before AGM. For me even the corrupt lot last time we drilled actually had encouraging results, so I see this as far greater then 20 per cent chance of getting a prize - in it to win it ! The speed of commercializing any finds from the next drilling season will.mean I am in for the long term in this one GLA
I think Friday will smash 10p - 3 days over a bank holiday right in the TD window expect the herd to be knocking on the door very hard come 4 pm Friday until then it may well hover - or will Mike try and get an RNS out Friday to get the papers on it and talking? I doubt it as he is in for the long haul so short term rises of no consequence but nice position to be in! GLA
Fundy - no there won’t be an RNS as nothing tested, probably oily shows so nothing certain enough to announce but plenty of buying on the fact it looks oily Ronin was right - if the volume was on the sell side then points to a dry hole- but it wasn’t so your choice jump in ASAP or miss the bus your call
Fundy you are so blatant about when your in and out, check out the post about Friday - day 39 of the drill was key for both a 50 and 70 day drill and 20 mill volume suggests a leak - now with a weekend to get ready expect this to continue to uptick-just sincerely hope this keeps going now and you miss out GL everyone else!
Volume is key - official news won’t be next week but this 8s more than folks closing shorts suspect there is a leak of oil. No need for RNS as not tested - fingers crossed as this is basin proving stuff massive massive upside !
Just had a cheeky top up couldn’t resist at these prices - even the last set of drills had oil shows so it not traditional wildcatting, just now we have a decent CEO that is targeting making us an operator very little downside and 18 months and y drills worth of upside just a great % play from her GLA
Good grief - sun is shining just chill out - I think by the end of this year we will be talking about this moving a few pence each day not fractions of a penny. Big prospects a half decent exec team and China on the doorstep, what's not to like - turn off the computer sit back and enjoy the ride up to 35 p plus! Gla
I think this will climb like a homesick Angel if we hit and whilst I expect dips coming up to results I don't begrudge anyone taking some profit. I'm loading up with my final tranche tomorrow and then switching off and waiting for 35 p plus very best of luck to all
Fund - glad you changed your tune I suspect a few pence here or there won't matter. For me Buck's play on the funding was a good bet, fully funded campaign more likely than not to hit something by year end so we are in a stronger position to negotiate - still think 18 p pre spud is on the cards good luck all