Member Info for nomura

in short.....no

to be fair pommy, its been bouncing between a range for a couple of weeks. I agree no news is frustrating for holders but think it has now found a bottom here.

are you joking T54? its currently 78% water! 78% ffs. how will they all of a sudden change this to very little water?

choked back 78% water! people definitely aren't missing the later lol

don't worry I sold at a profit and if i rebought now I would treble my holding lols. hope your loss isn't too bad

haha it was 0bopd targeting 300, they reported 1000bopd and that sent the sp soaring now the real figure has come out look at it now!

agree T54, earlier this year the company had 1000bopd now its less than 300. entirely different and so is the share price

everything that has happened in the last few months, I am shocked LTH's are still defending the company and ramping the stock. This is a complete farce. The company said one thing to secure a placing, then when its in place they say something different and the price plummets. Then it takes months for any clarity on the issue and when they eventually do the sp continues to drop.

going forward, they are targeting a similar site, although they say they will learn from their mistakes but this area is basically the same as 16az but slightly higher, so being realistic instead of 78% there maybe 50%, being generous.

People say this is funded for the foreseeable but I can't see this being true. Cash will be hemorrhaging out with the added expenses for 16a. When I have mentioned this before, the comeback has been that they are making 1m a month but this has now proven to be untrue.

Trying to put a positive spin on things, if and its a big if, the next well is successful, they are going to need some independent verification of the results as otherwise who in their right mind would believe them after what has gone on.

This is a huge sell just now and could easily go below the initial IPO price

investor considering investing, be careful. Yes this rises quickly but it also falls quickly and the spread isn't great. ask yourself why it is rising on no news. its getting ramped on twitter by the usual suspects. don't get left holding the baby

I will of course get abuse for stating this but that is aim

tick tock indeed....another week gone, Christmas soon enough

are we sure there will be positive news? the well about to be spud was meant to target similar areas to 16a but with that much water is that really a good thing?? and if the results are reported to be better than 16a, can they really be believed after this fiasco?

don't be so naive to think they have anything like 12 million in the bank. they will have spent a good proportion of that already on 16a problems, experts they have brought in to try and salvage something etc.

marathon do?

and how much additional funding has been wasted on 16a? no way this is now funded for the foreseeable as so many think

definitely not the time to buy unless you want a paper loss straight away.

This is going to be in the 4p range for a while and may slip slightly below.

I did say but of course the rampers couldn't see the wood for the trees

Sums it up nicely:

#BLOE gone from 1,100 bopd (17/04) to 360 bopd (26/07) to 230 bopd with 78% water cut (25/09). Market is not going to like that.

They don’t like to admit it but you are correct

I have been silent on the board for a couple of weeks as I didn’t want to be labelled a deramper.

I raised a few points on 16a which were widely mocked but it now looks like these points were justified.

However you look at it, that is a lot of water! And w38 is meant to be targeting a similar area-so it’s going to be a similar result, a lot of water and a lot of expense.

Not sure where the sp will end up today but 4s look a good bet, at least this fills the gap. Gla

just the one account for me but you are right that I haven't followed the story here. slowly researching though and may well buy in shortly. gl

Could this not have been because of the other companies on the podcast?

I listened to it and wasn't overly impressed with the interviewer or some of the responses given.

Interesting trades this morning. still not committed here but watching