If you read it carefully the A18 pad had restraints and therefore from the expected 700-750 bopd rre expected from the well they will only get 350 bopd so basically half the amount hence they mention it will run for a longer period of time because of the fewer barrels. In total the A18 lichens should give rre 3,400 bopd when running it’s ops. I’m hoping for the other wells to kick in by early new year and hope they can get the Arran field with shell going as that will bring in significant cash flow and profits. Excellent hold here, easy 50% upside in medium term and possibly over 100% return longer term. Good to see Faroe / North Sea M&A activity which bodes well for others around the same area. Would love to see the sp in exactly 12 months from now and with production around 15-20,000 bopd net to RRE we could have a monster cash cow here. Good luck. Just bare patience.
I never said it was a scam mate. I’m sorry the sp has fallen. I did warn you guys but yo get too attached with ggp. With EG they even had discussions and yet they failed to materialise. All I’m saying is just be careful
Really shocking n scary here. I really hope it recovers. I’m watching and might dabble a £5k punt tomorrow morning. Really hope u guys get your money back.
Tgeshipscook. Mate if there’s one thing you need to know about this stock and it’s what caused me to invest is PATIENCE!!!! It’s running along nicely and a patient investor could be seriously rewarded here. I’m happy for the sp to fall below £6 so I can buy more but I highly doubt it. U will wake up
One more and they will be up 3 figures. Relax mate. Set your alerts and don’t watch the monitor. My personal target price is north of £10 come March April next year.
35,000 at 29.6p and 15,000 just now at 30.3p. Happy and feel good. Confidence in your investment is key. I can turn off the monitor and relax knowing there’s been no movement today lol.
I agree. Doesn’t look good st all here. No chance of any deal of any kind happening here for a long time. With the Christmas rally due I can see many selling up to make a few bob elsewhere and buying back here at a later date. Personally because Zioc have enough cashburn for 2-3 years I feel this will be the mother of all slow burners. Good luck.
Simon u r a true gent. Really appreciate the info u posted. I’m buying First thing tomorrow morning. 2,000 shares for about £13k is brought for me. Think we will be closer to £8 than £5 come new year !!!
RE: Miners will be heavily bid tomorrow2 Dec 2018 11:54
Copperman. PRODUCING MINERS will be bid for higher and multinationals who have had their share price savaged. If ggp announce drill results that are ok and not out of this world then gold / copper can double in price and that will still not stop the drop in ggp. Relax yourself. China / trump has nothing to do with ggp .... YET. Prove up the resource ..... start production and then what u said makes sense. PLZ STOP RAMPING.
Truth is making a general comment intended to educate people in possible share price movements. It can also be seen as a positive but depends on how u see it “ just because the price falls with a market sell off doesn’t mean they have not found further gold / copper “ Obviously your more wary about price sensitive news and it’s movements. If you BELIEVE in ggp then take my post as it comes, if your on edge then get out as any investment should never keep you nervous or on edge. Good luck mate.
I think China n USA will not agree a deal on the weekend and feel this will get sold off amongst the drop in general market sell off next week. Also although they are drilling as such the results will
Probably be a few weeks yet. Good luck