RE: Next year14 Nov 2024 13:44
Just thought I'd thank the sellers today. What an over-reaction but what an opportunity to average down even more. I've got my average down to a smidgeon above 2pps, and frankly I can't believe my luck. As somebody playing the longer game here, I must be one of a few who takes more positives than negatives from this update. H2 disapppointing, sure, but not finished and as i stated previously, all this hiatus does it slightly slow down the company's growth especialyy as Heron 1 is shaping up to be something special. All wells need managing and testing, and it always takes a while to get the right balance particularly wrt pressure control but you'd always rather have good pressure to work around than low pressure.
But as I've said several times, H1 is the key one which should ensure the viability of the company going forward, and I stand by that even more today. They've had it pumping at over 821bopd at times so the problem is too much oil at too high a pressure - that's a great problem to have as far as I'm concerned. Surface modifications may be needed - that's probably some sort of pressure monitoring and automatic valve system and I'm ok waiting until March for that to come online as we'll still be producing until then.
Yes, issues and wrinkle to iron out but I genuinely see the reaction here of so typical of Aim, where people run for the hills at the slightest hint of headwinds. Blimey if you'd told me six months ago that Heron would be pumping oil at high pressure, naturally flowing, occasionally at a rate approaching 1000 bopd, i would have bitten your hand off. To then be able to pick up more shares on a massive dip when the company has become a producer, well as i said, i can't beleive my luck. Two million shares now at .021p. Wow. Happy dayz. Thanks to all the lemmings who jumped blidly off the cliff today.