Member Info for persimmon

"Following the discovery of a reservoir containing a 45 metre liquid hydrocarbon column underlying a 20 metre gas column, the EWT was suspended in order to review and revise the well test design to seek to deliver and validate this identification of liquid hydrocarbons. The oil zone was not fully evaluated during the initial phase of testing".

bladehater.... you either don't know the difference between a CPR and an EWT or its you who is guilty of "trying to pull the wool over the eyes". If it's the former ask Chris and he will explain the differenece.

Chris, don't you think that as evryone with half a brain cell knows this is going to happen, then the s.p has already factored in the drill. O.K in normal times the sp will rise slightly and then fall back; we will soon see.

Stop it, I'm trying to watch the golf...lol

You well may be right, but on the other hand......................

Chris, many a true word/s spooken in jest lol.

I have always thought that the Califoriian fields were very likely a 'Trojan Horse'.

O.K good luck with your trades.

"all the markets will bounce back huge amounts next week and watch oil stocks fly"

Nothing to stop you being a millionaire is there then eh leansniper......billy soy !

Yes Piper, and with a downturn in world useage due to the virus and economic contraction less oil will be consumed and the price of oil will retreat. We are already seeing that at the garage forecourts and petrol/diesel prices.

Trading update next month.

Betty73, everyone to their own. I would have been back other than for the present viral situation. We are living in very disturbing times.

MM's opportunity to play games with certain shares especially on AIM, where less experienced punters reside.. A time to be patient and keep cash ready for the up turn when it arrives, as it will. Just a matter of when. OMO

If I was holding at present I would not be selling now. The days of uncertainty will end, it's just a matter of time. In the meantime I am just holding what I have, and not buying. RBD will take a lift if/when W.N gets good news. In my experience the best days were in the aftermath of 2001 and 2008 (twin towers and sub prime). If ever the old adage patience is a virtue it applies now. Nothing to be gained in panic selling unless you need the cash. OMO.

Paper Stock Certificates
"If you somehow end up with stock shares in paper form, the exchange process to receive the buyout value cannot happen automatically like it will with a brokerage account holding shares in electronic form. With certificate shares of a company being bought out, once the deal has been approved you must send in your shares to be paid the merger value, whether that value is new shares or cash money. The investor relations department of either company can direct you concerning the proper steps to take to tender your shares".

Mine were transfered electronically. I suggest you ask your broker or ring Thruvison for advice. G.L.

Operator Oil Prod (BBLS) Gas Prod (MCF) Active Wells
Aera Energy LLC 3,273,619 1,314,675 10,136
Chevron U.S.A. Inc. 3,549,174 403,562 14,380
Eagle Petroleum LLC 10,414 0 26
Newbridge Resources LLC 4,400 0 10
Ny Oil Inc. 1,825 0 28
Reabold California LLC 20,514 12,563 7

My Vacuum cleaner in now almost fully charged, and ready to suck up cheap shares LOL

may not amy.

Chris, not in the greenhouse today, but things are 'warming up'. My fingers amy be getting twitchy hovering over the buy button soon. Most prices are down due to the Virus; gold is usually a good place to be in times of stress. ATB to all.

do I smell a selective placing arriving over the next few weeks, or am I being over pessimistic?

Some Newbies go into O & G NOT knowing it is very high risk. Experience teaches most to be very wary; others make an ongoing loss !