Member Info for PDMSPiper

How long do you think it will take for the MMs to take this to 20% under placing price where they want it? I’d say by end of feb this will be at 0.12.

We’ll see about that. 0.12p will be available here within months if not weeks.

which will present itself over time. There’s nothing more certain than a forecast that this share price will see 0.12p, 20% below placing price, before it sees 0.3p. Just patience required for the perfect entry. Buy the bottom. This is a long game and there will be long periods here with no news and sp drift. Buy the bottom.

API of oil extracted? What are you talking about? There is no oil being extracted here. Not until 2021 at the earliest. All the other partners are totally broke and need to raise. Nothing happening at Wressle for 12 months at least while the company spends the £5Mill they raised on West Newton. Then they’ll have to raise again. Then they’ll start looking at Wressle.

We know for a fact that nothing can happen at WNA2 for at least 3 weeks. Before work can commence the company needs to make an application to the HSE and give 3 weeks notice. These applications are a matter of public record on the HSE website. No such application has been made and so we know for sure that nothing can happen at WNA2 for 3 weeks minimum.

At the earliest. Major news price catalysts are required to add £50Million to the Mcap here and that won’t be until the end of the year now when WNB is proved up and only if both oil targets prove commercial.
It’s easy to talk about a “bagger” or just 0.75p on the do but look at the Mcap. That’s what realistic intelligent investors will do. This is almost £50Million Mcap now. Adding another £50Million to the value of the company for this “double” that idiotic inane rampers flap their gums about isn’t going to happen on fresh air. All the work program has to be successfully executed for 2020 and if that happens then by the end of 2020 we could be at an Mcap of £100Million and an sp of 1.5p. It is disingenuous misleading lies to ramp this target as some type of easy feat that will happen next week. It won’t. Let’s have some realism please. Not childish silly ramping bull sheet.

Can’t wait for your useless inane post commenting on the intraday price action Chris or highlighting the obvious late trades that everybody can see for themselves. Don’t say anything about the sells though Sshhhh. Rampy bull sheet needs to be challenged so that we never forget that this stock is full of traders and like any other AIM stock, only suitable for trading.
I wouldn’t mind if you sometimes added some insight or research Chris. The constant baseless ramping is tiresome. It’s obvious you don’t have a clue about any of the issues and hurdles the company face and you don’t care, because you won’t be hanging around. Pound shop Chris Oil is very apt. You people are an infestation.

Heid:

“I would say OGA approvals imo.”

Really? I very much doubt it. The OGA seldom get involved at this stage. They prefer to be very much hands off, dealing with licensing and the bigger picture.
I doubt you have any real clue what the OGA are responsible for and what their remit is.
Heid: Another clueless, narcissistic individual, a self appointed Wikipedia expert. Useless.

Heid, You seem to have your finger on the pulse then.
What “approvals” are we waiting for and who from? Council? OGA?

So any advance on these:

Company: We are awaiting permit approvals (No evidence of any permit applications having been made)
Backwardsman: Company are awaiting permit approvals
Mixter: No permit applications can be found online because none are necessary. All permits are in place.
Ponkey: I’ve spoken to Bramhill and he said we don’t need permits, it’s all done with a “conversation”.
Rudey: We are not waiting for new permits (as the company said in RNS) we are waiting for existing permits to be reviewed against compliance.

Anybody else. Ha ha.

“The permits are being reviewed to see if they comply with the use of the pump. Not new permits, they're already in place.”

I see. So the company says they are awaiting permit approvals, but you, Rudey, now say it’s just a permit review. A permit review that’s taken five months and counting. Really. Got any more gems up yer sleeve. Ha ha. Priceless.

I agree Rudey. Backwardsman is an idiot. It’s obvious to all that no permits have been applied for. Even the most basic of research reveals this and its corroborated by self appointed Rampmaster Researcher General, mixter, who also agrees that no permits have been applied for.

Backwardsman; As you should be aware, all permit applications to the EA, OGA and local council are a matter of public record. I can’t find any applications for any permits by Rathlin appertaining to West Newton or anywhere else.
Maybe I’m missing something. Please post the link to the pending permit application. Thanks.
For the record: Mighty Belle on twitter (Mixster) says there are no pending permit applications because none are required. This position contradicts the position of the company though. It’s all very confusing.

AJamesW; You seem to have your finger on the pulse. What permit approvals exactly are we awaiting for WNA2 EWT to resume?

“Just the 1p level” as you say is a 36% rise, or an increase of over £17Million on the Mcap. Are you expecting that to happen on pure sentiment or do you think it will require news catalysts? If so what near term news catalysts do you think will be sufficient to add £17Mill to the Mcap? Genuinely interested to know at what stage in the projected work program and newsflow for 2020 do you think 1p will occur? I have my thoughts but what are yours?

No ifs or buts about it Rodster. A large amount of short term speculative punt money has poured in here over the last couple of months and very little of it will be hanging around over 0.9 to get dumped on by placing flippers. That short term speculative punt money leaving the stock at 0.9 will create heavy resistance at that level. No doubt about that. No ifs or buts.
Then once we get through that trading resistance taking profit and they’re all out, if we do eventually then rise over 1p, then the placing churn will kick in. Only massive volume will shift this over 1p now and that will need massive news, ie proving of a commercially viable oil discovery in both the cadeby and the Kirkham confirmed by CPR. That won’t be until late autumn at the earliest. So, in my opinion, they go in the bottom drawer. No ifs. No buts.

Possibly UJO placees who dumped the Wressle news. It got heavily sold into. They’ll be looking to flip out at anywhere near the 0.9 placing price here. Massive resistance there now and that’s before we start shifting any placing churn. Nightmare. Put these in the bottom drawer until Autumn at least IMO... Zzzzzzzz

You’ll be mugging yourself at 0.16. 0.13 will be available in a few weeks.

Market is once bitten, twice shy obviously. The smart knows the retrace to sub placing price is coming.

I wouldn’t get too excited about Wressle. Even if it’s approved the sell off and retrace will be brutal. Traders now itching to get out on the news, hence the impatience. No more positive price catalysts until WNB after all construction work is completed and that will be in the autumn. Even if some form of testing resumes at WNA2 over the summer, Rathlin won’t release any data publicly. Rathlin have already signaled their intention to keep a cap on WN until they are ready. Releasing interim flow, volume and production data is not in their interests. During WN testing we’ll get a scant “....all going according to plan. Well performing ahead of expectations...”. That will be it until after WNB is drilled and tested and they are ready to confirm all data and release a CPR.
I’ll buy in here in late summer for WNB results. By then, with a sell off after the disappointing lack of detail out of WNA2, I expect to be buying at well under the placing price. My buy target here will be 0.12-0.13 in July/August. Patience. Keep that powder dry. Ignore the pump and dumpers. Buy the bottom. The bottom is coming, but this isn’t the bottom. GLA DYOR.