Member Info for nhawan

People took the opportunity to buy in this morning yet some waiting to get in at 9p? It was very difficult to buy for less than 11p today so not likely to drop much at all. It looks like it should start moving up in the afternoon after the current consolidation phase.

Last year the Lidsey well had a poor result hence the drop. I doubt investors will be exiting just prior to a game changing well test and production.

sp looks like it's about to test 12p again after profit takers have gone.

I think they will be flow testing the well before 'production' hence the wording of the RNS statement.
Initial oil should be flowing within a couple of weeks followed by various pressure testing and then production.
Judging by the sp reaction today I think 11p may well be a good entry point. Can't see it dropping to 9p.

Disgraceful that BMD and others knew about it before investors. This is why it was pumped and then shorted. Would not be surprised if it drops below the placing price.

BMD has been correct quite a few times. It probably explains why the sp started dropping quickly yesterday.
We will have to wait and see what happens but 10p is the rumored placing price so sp will likely not drop below that even if it does go down over the next few days.

Already seen that hence why I think it will take a couple of weeks. The site looks the same as last weeks drone footage with the buffer tank added on Friday.
Trading wise it doesn't matter to me if it holds here or whatever. I already made a profit and will take a position once I think it will start rising again. That will happen when site activity is well under way, probably near end of next week.

I'm being realistic. If the site had equipment delivered and work was underway then it's a no brainer that the testing will start soon. As it stands the preparation may take a couple of weeks so I reckon the sp will slump until we see waste tankers, pipework being inserted, etc.

Looks the same as last week. Anything new arrive?

I think there might be more profit taking tomorrow. Friday is usually a bad day as people close their positions. Next week could go either way depending on any site activity.

You are only taking FOTH's word as the truth when we know he has been deramping it since last week. He bought in this morning and is ramping it with pics of Balcombe, not Brockham. No doubt he will have sold as soon as this turns downwards again.

There are many still in a position to take profit hence why the sp probably has a way to go before finding a bottom. The traders will be taking profit until there is more action on site. Once the company announces flow test commencement then we should see a sustained rise.

Experience says this hasn't found the current bottom yet. Waiting until next week for a re-entry.

Traders are always in and out. This didn't sustain the rise at 16p so obvious that many will take profit. No doubt the sp will find a bottom before the next reversal but who knows where that could be after the near 100% rise over the last week or two.

The twitter guys reporting that everything is at a standstill at Brockham hence the drop I guess.
There is a gap to fill at 13.9p so potentially a walk down to that area early next week if there is still no action by then.

I'd personally hold off any buying this week. Derisked early doors.

I reckon 15.6+p close. Some actually sold to get into UKOG hence the uptick there. Too many shares available over there to sustain the rise sadly.

UKOG bagged x10 with 3.6B shares in issue. ANGS has only just bagged x2 with 380M shares in issue. And UKOG's real rise started when they announced that they had found oil which was flowing to surface.

The testing hasn't even started yet at Brockham so imagine where the sp will be when ANGS announce they have flowed oil. Even the mere sight of a tanker will send this to orbit.

The sp is consolidating well in the face of short term profit takers. The party hasn't even started yet and some are leaving. Someone is happy to relieve them of their shares by the looks of it.

Once the testing starts we may get a tweet from the official twitter page but an RNS will probably come when they have some flow test results to report. I reckon testing could start be end of next week.

Nothing goes up and a straight line. This will consolidate for a bit before the next leg up and that's a good thing. What matters is that is closes higher than yesterday and I think it will close around the 16p range. Who would risk being out before the flow testing has even started.

I don't get why some traders are actually selling for a couple of percent when we know the real rise has yet to come.
The MM's are doing well relieving them of their shares.