Member Info for oilriches

Mike I think there will be a rise intra day but it will be sold into. I want to buy into an investment and not a gamble on if a drill is going to happen October 2021

People with higher averages don’t have much choice here but to sell at a loss or hold for the longer term gains. I should have sold out at 1.5p but sold the majority of my shares at 1.10. I am not prepared to gamble on shell entering into the Pensacola well decision as I would rather pay a bit more and know the share price will move north. Even on a well decision I don’t see a big rise until 6 months before drill.

£1.80 is my target on the 5/11/20

No doubt the sp is going to drift

Agree mike but it would mean u would never break even

To touch on that the jv have already committed to drill Pensacola with the oil and gas authority. They can only pull out of the drill on technical reasons not because they want to save a few pound. Exploration forgets that oil and gas is cyclical and come next year what’s saying prices are not 50% higher.

I am a holder but the financial discipline shown by the board here is a disaster. I don’t see what value this board offer.

I am still a holder here but know aim like the back of my hand now. Next move is 1st of December on well decision.

Today is a good result for the medium term sp. I will be buying more but not at these levels in this environment. I suspect the sp will test the 0.7s before it goes over the 1p again.

I will take some if it falls into the 0.6’s

Major agree but short term pain here now

No deal

There will be 5m getting dumped next week at least. Will hold 2m

I hope Delt go alone....that’s the big upside next year

It will without a vaccine

This pandemic here here to stay until a vaccine or we all get it. Even then what’s to say covid comes back as a different strain. It’s all if and buts tbh. No way tullow can do another 6 months of this.

Next year is a massive issue for Tlw servicing it’s debt. What about the other 52% not hedged ? The only conclusion here is converting the bonds to equity and raise money. $3billion debt is simply going to cause big issues....I hope I am wrong but Pmo should be a warning.

Major if IOG are out the way I am loading up again. Iog are not exactly in the strongest of financial positions with the current gas price and debt obligations with the current phase 1 and 2 development. I would argue that they won’t be able to fund delts blocks for some years

Good luck to everyone and I still have skin in the game. With market conditions nobody in the right mind is going to value Delt at £28m other than a bigger player. If Delt accept anything such as 1.5p it shows how the board rate the assets

I am in this for Delt and not this takeover that has no short term upside in this environment. Protect capital is the objective and I may lose out if this gets to 2p but somehow I don’t think market conditions are going to allow a deal that suits both parties.