Member Info for nhawan

ANGS is not involved in HH is it?

I suspect the french brothers or similar are buying in. There is no way pi's alone could push the sp this much.
If HH is commercial then it's a no brainer for the big boys to get in. Huge potential for the UK.

The current price is cheap when you consider what commercial oil at HH would mean for the UK. I remember last year when I bought in at 3.9p thinking it was cheap when they found over 1400ft of oil column at BB.
The SP can easily push past 3.5p before the testing starts. F oil tankers are seen then 5p is next stop.

This is a joke right? Those jumping in and out actually lost shares or potential money over the last few days. It's common sense that the sp will move up in anticipation of good news regarding the flow testing so why bother trading right now?

It looks like a repeat of last year and we will see gathering strength in the sp as the EWT progresses. A tanker sighting and the sp is going to fly imo. 3p this week for sure.

Monday will be the next leg up. Why would it rise on anticipation of commercial oil flow and then die out on a Monday morning. Some seriously poor logic by those who missed the boat.

Syngeonsmithe,

A buy in price of 1.2p means it'll have to drop quite a lot before I'm "fcuked"

Thank you for the translation though. It shows you are still on the sidelines waiting for that elusive 0.5p ;)

This is about to pop before close imo. The buys are heavily outweighing the sells and and any selling is short lived. I can remember this happening last time before it went to 11p. The sighting of oil tankers will send it to orbit.

I'm sure we will see tankers soon but the actual flow of oil hasn't started yet. They are stillsetting up and should start very soon, maybe over the weekend.

It's taking a breather as traders close for the day but I reckon it will push up before close. Who would want to risk being out over the weekend in case a tanker is spotted.

It's heartening to see 2p before even seeing a tanker. Imagine where this will be once a tanker rools out of the site.
Some of the big boys probably already know it's flowing hence the rise.

I was tempted to trade and today but bottled it. Good thing though since I would have had to buy back in at a higher price. Right now it looks like it's better to stay long since it will shoot up at the first sighting of a tanker.

The only reason this did not go over 2p today was because of the loan conversion. Tomorrow will almost certainly try a push for 2p+, especially in the afternoon. The YA loan will probably be almost gone in a few more trading days.

Looks like consolidation at 1.6p and a rise into close. Can see this pushing past 2p by tomorrow.

The actual flow test hasn't been started yet. The RNS states the following :

"Following final equipment set-up and the subsequent removal of three temporary suspension plugs in the wellbore, flow will first be re-established from the Portland sandstone oil pool. Testing of each of the KL4 and KL3 oil pools will follow completion of the Portland test sequence."

I think it should take a few days to set-up but flow testing may well start over the weekend. An inital flow rate RNS on Monday perhaps ;)

The sp is rising because people are anticipating tanker sightings which will indicate that oil is flowing in commercial quantities. The sp is not going to stay at 1.5p or less if oil tankers are seen frequently even if no RNS is released until the end.

There was a spike 2 weeks ago and the sp stayed in the upwards trend since then. I expect a gradual rise and a higher close tomorrow. Only traders are jumping in and out this close to the start of EWT and oil flow.

They did a small shake to entice more sells. This could be a re-rate to 2p+. Can't see any negative just yet.

If this closes over 2p tomorrow then I reckon 3p is a very good possibility if we see a tanker next week. GL all those who are in.

Best to get in before the next leg up. There is no way Lenigas or other big buyers would be buying if they didn't think this was going to be successful. Surely the initial flow RNS is coming by next week.

With GGP dropping it's expected many will be putting their profits in here. Who would be stupid enough to sell just before the first tanker is sighted...