Member Info for munchbox54

Hope you guys banked some or all of your profit on the rise up. Good luck.

Getting on the train...now

Goldenboy2. Excellent spot mate. Credit where it's due, I'm also back in this week and will buy 40k shares. Will post the trade live on here. I think by the time June update arrives (6weeks or so) then along with the terminal opening I've got my eyes on 80p a share. Good luck. Hopefully I can trade tomorrow but it's looking like Friday before I pile in.

Is going on here lol.

Nisumo. Yes it is mate. I'm looking to get bk in very soon as I predicted the drop in oil n expected ela not to hold up as well as they did. Excellent opportunity here long term. Will be buying bk in a few weeks.

Just hang in there but I did warn u guys before about lower oil prices. Got very strong support around the 50p area. Oil will fall fourth Rr towards $42 a barrel. Good luck. See u soon.

Reading on here I feel like I'm going to fall off my bed looool. The fact is they have other products really is scary. Agree it Could hit £5 very quickly

600 million shares not 60m

I watch lek but am far from Impressed. It's got 60mshares in issue and even at current prices has a market cap of nearly $200m. I'm afraid afren should be a very very big lesson. Nigerian stocks r a no go especially with the bod from the same country. They are all fraudsters n this has poor management n no class written all over it. Poor communication with investors. Wouldn't touch it with thin air let alone a barge pole.

Keeps coming. Looking to get back in, waiting 4-5weeks n hopefully 50p entry.

Spare funds are taking their time. Can't wait to get in here. 12m market cap is peanuts. Any company associated with water is relatively a safe investment n always builds up a market cap worth $$$$$$$s. Can see this easily £2-3 a share. Hoping to buy in soon.

very disappointed that they couldn't manage to get op-1 online 2 weeks ago, they mentioned By the end of next week yet they still couldn't n now they say op-7 will be side tracked end of h1 so u can say there will be many delays yet hence the risk. They only managed $24m when they wanted more money n clearly state once op-1 op-7 come online they will look to increase that amount by applying for more money. Personally I feel oil going lower n for now am banking my profit, no news now until the end of June or early may. 10 weeks of nada. Will be back in at a lower price. Still can't believe they couldn't managed to get production online when they promised. Shocking.

Obone. Ur right but this is why the bod should be more aware of supporting the so and its investors. It's all good when they wNt to raise millions yet just let the sp drift back 20% to normal levels as it has been for a while! Feel annoyed at not having banked a £6k profit for a weeks work but I can't get emotional n need to stay here for 6-8 months to realise why I invested in the first place. Can see 52p today and maybe even 50p by tomorrow close.

Think it's likely to hit 52p by tomorrow. Really sad but it's life and learning to trade is sometimes the best way forward. Still looking for bod to wake up n smell the coffee

Oil dropping 5%. No news until June 30th time so this rns was important to kick us on to the mid 60s but hey ....not to be and we will have to start the ride all over again.

Hopefully we should get one tomorrow morning as it is kind of overdue. Surely an increase in production n a receipt of $8m is enough to justify an rns according to market rules so it's important the bod keep momentum going so the market continues to re-rate the shares. Looking long n hard over the weekend I think it's key to remember a few points, firstly all this production is not elands and they have 40-45% of more or less everything that's due to come online from op-1-3-7 and g-1 and finally ubima. Secondly it's pretty safe to say the risk is very much limited as they are partnered with a state controlled company so there won't be too many illegal activities occurring as with afren which was a billion dollar company with many fishy dealings taking place to fool the market. I think currently we are looking at 11500 bopd with 6000 bopd coming online from Op-7 in 8 weeks time roughly. 17500 bopd with 40-45% is say 8000 bopd. Now if they hit the g-1 target 7000 bopd ( very likely ) and ubima 2500 bopd ( probably new year) than you have a company producing 11,000-12,000 bopd net. This will in comparison to other oil stocks be a £200m market cap minimum so roughly £1.10-1.20 a share. With no debt and cash in the bank I would add another 10% making it £1.30 by year end. This is with oil staying at $52 average. Remember there are low shares in issue and free float is also low all pointing to a higher rating. The key to eland is to demonstrate this and hit production targets. I also did not mention the fercados terminal opening, once they got these targets and go in to the new year with cash , production and a drill programme for the 6 wells at guebetkin field then 50,000 bopd by year end 2018 is very very possible and a £6 share price would be just the start as this would only value us at £1billion. Really is game changing stuff here for the the 18 months. Good luck in whatever you do. Holding here is the key.

Obone. Hi mate, the CEO of seplat which is a Nigerian oil company that produces alot of oil said in a statement recently that he's pretty confident or hopeful that the pipeline will resume by the end of the 2nd qtr. talks have been continuous as Nigeria has lost over $1billion in revenue and it's been well publicised that a deal is close. It's one of the reasons I'm invested because it's a matter of when but not if the pipeline comes back online then ela will really be a different kettle of fish than it currently is. I think if u google it u can find his statement about it reopening very soon.

I've got to stop this, finished just as I said on 60p mid. I think I'd better stop predicting as it's starting to become reality. One thing is for sure, 60p will Become the floor and on any decent news the sp will rise 6-7p at a time, have a good long weekend as market is closed tomorrow and Monday, hopefully we can start Tuesday with a bang and a nice rns to get us moving through the 60s and targeting the 70s. See u Tuesday :)

Looks like my 65p target for profit taking was just off as they started at 62p. The trades showing as ok buys were all sells and it was a total of about 120k shares which saw it drop to -8%. This drop is very very healthy for the sp as it has risen nearly 25% since Friday last week on no news. I'm expecting the mms to soak up the shares n close today around the 60p level. Remember there's a lot of news due in the next 9 weeks that will most certainly see the sp trading above 80-90p. The production increase, $8m in cash, fercados opening , op-7 pumping extra 6000bopd by june. This stock will now start to move up n down very fast, I can remember when a 2p drop on the sp was nearly -8% and now a 5p drop is -8%. Just hold on chaps. There is no safer n better oil play out there for the next 3-6months that can give u 70-80% return. Looking for a quick shift back up to 60p giving it a floor n support level going forward. Good luck holders

Herminator. Looking at the charts there's no real resistance level until the mid 70s on ELA but I'm looking out for the 65p level as the first stop because many would have doubled their money n will Probably sell and once in to the 70s it will become a waiting game until news / terminal opening by will cause it to move past the tough 70-80 barrier. Once in to 80s it's a clear run up to £1.10