Member Info for oilriches

Nothing new but don't expect much yet. Over £6m in the bank and limited overheads looks good to me

Sure about a punt here views??

Of movement here ???

Old news that

Not Bad, cash burn very low and over £6m in the bank. The option to acquire a free equity interest in sc55 is interesting eg cinco and a possible 37% interest. If oil price recovers they could farm down easy for a free carry

Quarterly reports should be out

Check 7am tomorrow

Be out tomorrow or Friday...fingers crossed its good news

Wassatt the whole market has crashed over the last few years to be fair

Fair point but the end of the day they have £6m cash and no debt.....there will be another venture and on historical evidence the sp will appreciate many multiple from this level. Rmp have been a flop but have always ensured they have cash to carry on . On the puntland drill this 5 bagged and on Hawkeye 1 it 4 bagged. I believe on the next venture it can 4 bag again on a decent prospect

Should come back when activity starts. Expect the odd spike between now and then

Island girl the price is jumping around on no volume. I am with self trade which may vary to others. What are your thoughts here in the next 12months? I know it's been a ride for u over the time

0.90 to buy now

Only buy 3k at over 1p 😝

Like with any buy trades this will move north

Here recently j & J Bandy Nominees Pty Ltd 3.66% (Greg bandy), Seventy Three Pty Limited 5.33% (Aussie broker), Brandon Hill Capital Limited 6.47% (broker) it all looks interesting on something going on

That can only purchase 3k at 1.01p now

Has confidence with the 0.96 buy

Must be due a 50% bounce soon????

I emailed Rmp some months ago about them looking at assets - They continue to look but they feel assets will only get cheaper when companies come under financial distress. I certainly believe the distress is only just starting now and we should pick up an asset sometime this year