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I am inclined to agree with you ,herons success will prove there is oil and others who are sitting on the sidelines will have the confidence to invest !

The people who are willing to get in early will make money here was my opinion the rest of the post Asher said in a podcast !

I believe funding will be sorted out soon ,as Asher said it is hard to get initial funding but on success everybody wants to give you money .The people who are willing to get in early ,will make money here!

They work everyday except Christmas Day .

On confirmation of spud , 1.5p to 2p ,on oil shows 3p to 5p ,on commercial discovery ,depending on flow rate ,10p upwards!

NJOM3 Well is to be drilled to a depth of 1,100 meters, intersecting at least three reservoir zones already identified by the previous owner Total.
The well was supposed to spud in May this has been pushed back as the company is trying to arrange finance , cost of dry Well $10 million if they find oil $14 million with logging, oil flow testing ect, they are trying to arrange facilities of up to $50 million with an African bank to exploit 18 million barrels of oil gross ,on success they plan four initial production wells !
Prediction of share price ,the share capital of the company is only $5 million with such a small share capital ,the sky’s the limit!

The price of this share in the past is of no importance ,what is important is what you pay for a share and what you get for a share , I think on news of oil punters will pile into this share ,not wanting to miss out on the potential of all four drills ,15p to 25p on success at Heron !
Anyone like to speculate on the price ,should all four wells come in !

Or Thay May have finance in place to start drilling the well.

My moneys on Asher, literally, I think he will surprise everyone!

While not wanting to interrupt a great argument which tend to happen when we have not had any news from the company for a while , I was wondering if anyone might be able to help me, I was doing some research on oil and gas M and A activity last weekend , and came across an article on the internet which said it has greatly increased in the second quater of this year , I believe it said as much as ten fold ,can anybody who has read this article ,let me know where I sore it as I am unable to find it again thanks !
As to CCC his contributions to this board have been very useful over the years !

On result of the drill I believe it would be in excess of 20 p ,as I think investers would see at last the potential here !

Drilling of the well NJON3 is expected to commence on completion of finance and in the third quater 2019, that’s ether , July, August, September I would not expect it to be sorted out anytime soon!

macd 91 Thanks for the information very helpful , and informative !

To me this looks like a medium to long term hold does anyone disagree ,and if so can you explain to me why !

Surryscot First I would like to say I am a shareholder ! I have been since 2009, when I bought my shares for 13p each , as the months moved on I bought more.
You can believe this statement or not I don’t care !
You seam like a decent chap to me ,and l can see from your postings ,you believe in fair play and honesty , unfortunately this is the stock market ,these boards are full of the worst kinds of humanity ,as is the stock market .
This is not a cricket field there are no rules, money and the love of money is king here , insider information give those who have it ,if true ,the edge and while it is unfair ,that life unfortunately !

Yes eventually we will need to raise money to extract oil from the wells ,but it dose not follow it will be at shareholders expense ,there are many ways to raise money or we might be bought out ect !

Surreyscot if what you say is correct ,and CCC has a source on the inside ,it would be foolish for him to reveal that source ,thay would lose there job and both of them might be accused of insider dealing , that he chose to share information he obtained , was up to him , calling him out puts him in an extremely difficult position would you reveal your source !

There will be no placing, the company is fully funded for all four drills, if we find oil in commercial quantities , we will probably need more money ,this will be made available , more importantly our dry spell would of ended share holders should not be worried by the day to day movement of shares ,there are meany reasons why shares go up and down on a daily bases , you should stay focused on the reasons you bought the shares , any day now drill two will start , as we get closer to the results and if the company mentions oil shows ect this will take off, I am hear for all four drills , and I expect to make a considerable amount of money !

Straycat No I would not have voted for the VCP and I feel that the board are all over paid and have options that the rest of us can only dream of, but my point is we did not award them ,nor did we get any say in the matter ,so why are thay being paid so much ?

Straycat correct me if I am wrong, but I don’t believe there is anything we can do about the pay awards VCP £14 million ect made by the company ,so there is no value in even discussing it , we have to live with it ,like it or not, I am sure in future this company will find many more ways of rewarding themselves at the expense of the share holders !