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Others believe so too according to the SP. What a great day.
O.K. So they have now found a potential of 430 mbo. Should make the interims very interesting on thursday! Way too cheap atm, but the SP will rise soon I can asure you!
There is a company which 'SHOULD' release some good news on a large asset in Australia called pel 82 within a week or so. They have around 154 million barrels of oil equivalent and a mcap of less 7mill, valuing the oil at less than 5p a barrel. You may of heard of them before, theyre called meridian petroleum. They recently drilled a small well (ELV,mckerral3) but are waiting for the gas price to rise before further works and production commence. Production with the present prices would be pointless, its best to keep the gas there till better gas prices are reached.
The share price didnt rise much after the news! ELV news should be out at the end of the week or monday. That should give us another rise.
Fingers are crossed for news this week. The share price is still way too low.
RNS out. we are getting closer to OZ production.
We should get some news this week relating to the 3d seismics. It could be an interesting few days.
Yes i know. Current MCAP only prices in East Lake and Orion. We also have cash, other assets, oh and 154 million barrels of oil in Aus, OH AND 432 bcf of gas there too. How much more is that worth?
Drilling new well!
Nice to see a steady rise prior to results.
Found out why we had a 30% rise today. T1ps.com have a buy rec on mrp and a target of 400p!!!! I bought some at 21p the other day so if it reaches this target I will almost have a 20 bagger. I somehow doubt this will reach 400p anytime soon though.
Why sell? Its going to be a great couple of weeks for dgo.
An absolute gift at this price. I'm lovin it.
It seems as though Steve Guterridge has very high hopes for MRP. Time to hold/buy and wait a little while for a rise.
IMO
You were right about it going up a bit..... More to come!!!
Interims are this Thursday. They won't just show a maiden profit but also new projects too. Keep an eye on this, the SP will go up quite a bit in my opinion. From here the risk is minimal and the is upside huge. It's valued at less than a quarter of its P1 reserves at least also. DYOR Bear point's are that not many people are interested in small oily's on aim at the mo and this is a prime example ATM. Soon to change though. :-)
Well name, I'm definitely expecting a rise from here !!! Topped up today though. Just can't believe the SP, totally overdone. When will investors start buying decent amounts of stock? After the interims?
Should be some decent buying this week as people are expecting a maiden profit when the interims are out on the 25th.
Wait for the second or third bid to come. :-)