Member Info for Oiliest

Ok thanks. I'm listening to the podcast now.

Sorry if this has already been asked and answered: Of HNRs leases, how many are within 2,500 feet of occupied buildings? What could proposition 112 cost HNR?

ok so if the price is $80pbbl and HNR is producing from 8 wells at ED as stated, 7.5% is $30k per day before expenses. Right? Any idea how to form valuation on the back of this? Looking for a good entry point and reassuring valuation.

What is the grade of oil being flowed back from ED? At today's prices how many $pb? How sweet is it?

From the final results on 24th July: "...a carried interest in eight producing wells which, assuming they are as successful as the first two we drilled, will provide us with a 7.5% working interest in up to 5,000 bopd."

I gather the flow rate is approx 625bopd from the first two wells in ED. 7.5% of that is 46.8bopd per well. x8 is 375. I'm trying to calculate the potential mcap on the strength of 8 wells at ED alone (using P/E ratio of 15-25)

What oil price is this monetised at and roughly what are the costs per barrel? Apologies for noobish query!

When sp reaches 13p, the mcap will be topping £50mm. This should open the door and allow more fund managers to get in. GLA

Should be driving sp towards resistance at 13p on Wednesday

Time for everyone who didn't buy back in last thing Friday to get their shares because they are going to be in short supply AND YOU'RE NOT GETTING MINE!

Average 9.1 put about 38k on it.

I'm going out to a gig for the evening. Walked past the bookie. Looks like a miserable dive, mate, but you could squeeze in a few more hours there. Or just trade crypto. I'm happy with my +7 grand this week though (even though I had +13 FFS #£@£##.!). Have a good weekend buddy, find something else to get addicted to!

No it ain't! Just kneejerkers letting go! We'll close above 11.

Ignore Rodders. Everyone just sit tight. Traders just closing out for the weekend. We are sitting on support after a wicked bull run this week. If you believe in ANGS as I do then you'll be sitting tight over the weekend and will be smiling with me next week (hey man I'm still glowing from yesterday!)

When sp is volatile like this I just look at the 1y chart for RPT and think aloud: "This is what Angus might look like in a year!" Of course there are little divots and dips here and there, and plenty of times when PIs could have closed out and bought back... but in one year it's been a ten-bag!

Fundamentals for ANGS are excellent. Mcap is stupidly low. Opportunities for daytrading? Yes, if you want to risk it. Excellent LTH prospects? Yes of course!

I'm just going to get out my deckchair and sit in the sun for a while. This time next week we'll be around 15p thinking "I could have closed out at 15.5 and bought back at 14.8" but will it really matter? The crew are yet to show up at Brockham and make themselves ready to perforate the bore. Not long before the pictures start coming through and Mcap will rise further. We all know it will be a good producer. I'll sleep easy over the weekend whatever we close at today!

Hello again everybody :) I lost about £10k over here averaging down like a chump and finally accepted the loss when we got the news about water related delays. Just made it all back yesterday over at ANGS. Perhaps that's why the sp is falling... Because of other oilers booming. What I learned was to not be blinkered and to have tunnel vision. I was so focused on hnr I didn't see much else. HNR have so much potential and the Mcap is ridiculously low considering the assets they have... But until ED is flowing back from all 8 wells the Mcap won't grow much imo. I prophesise lows of 12p before recovery begins mid December. When flowback of ED is go go go then RP will be able to better focus on other projects. I see 12p as a strong entry point for next year. I hope nobody considers me dreaming and GLA I have high hopes for HNR and will be joining you again soon :)

Absolutely right. You two sound like a married couple!

Cool kids fashionably late to the party, unlike all of us sadcases who've been here since 7.5p!

People are paying 12p

Guess I won't be top-slicing right now then...

a trade is given a "Buy" or "Sell" status depending upon which side of the mid point price of the Bid/Ask spread the trade lands on.

Aww hey I had other things to do today. Guess I'm just going to be here staring at blue numbers! I like how 10 was resistance and now it's support! 12p next!

As contented as I am holding both ANGS and UKOG, I've shifted weight over to ANGS for the upcoming sellout of Bergen TR1 and the next Brockham RNS. 12p is 30% above current price. If it pops its head above 10p then that is a breakout and it will definitely see 12p soon.

"blue days, all of them gone..."

I hope not

>PV was like a kid in a sweet shop

It's his chubby cheeks! He's so cute! Like a shaved Ewok!