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They don't know anything. They just sell to a pre-determined pattern. All these idiots rumour-mongering about insider trading because they want the cheapest entry they can get once they're out.

No, your points are not supported by the evidence we have, nor by what the company is saying both on and off the record.

*off

And why will MM's still take big numbers of my hands? And who is then buying them?

This can only be a concerted shorting attack amongst a co-ordinated group. If this is one seller offloading the lot, then where was the intial TR1 for the massive holding? I think they call this box-trading and I think it's illegal although I might be wrong on that. This can have nothing to do with fundamentals or insider dealing as I'm hearing that the company feels everything is just coming to fruition nicely. Make your own conclusions, but I've seen this sort of group manipulation of an SP trajectory before.

Anyone know when JV is back to work after his hols?

PC are keen to crack on too, apparently. They are as frustrated with local governance generally.

Whatever the price of oil 1000bopd is a lot more money than they earned over the last seven years. Be difficult not to be!

Yep, I have comms with the company which lead me to believe that this might well be the case. One thing is for sure, they were happy with the flow numbers post-stimulation. Targetting 1000bopd from H1 & H2 in short order. Now this is starting to get exciting!

If you really need the approbation of anonymous posters on a bulletin board, Aeschylus, then yes thank you for pointing out the obvious so frequently. There, hope that makes you feel better about yourself.

It's not all about you Aeschylus. Stop being a drama queen.

As far as I recall, the initial drilling at Heron was done without the proper local permits in place which is why it was many years before they could even go back to the well as locals kicked up a stink and got it stopped. There was even a video posted of local plod tearing down the perimeter fencing around the new well-head, if anyone remembers that far back. Bucky learned then that he has to do things the Mongolian way.

Btw does anyone know of any other little oilers who have succeeded in keeping their SP afloat as they develop? UKOG, COPL er, no. This sector is done as far as investing is concerned imho. I remember Robbie Burns aka The Naked Trader saying that he never invests in oil stocks of any kind. It's dawned on me, far too slowly alas, that he was absolutely right.

Trouble with all these little companies is that they make such bad decisions regarding financing that it stymies any possible SP action when they release news. Presumably, one possible option IF they ever get to pump oil and also prove up their reserves is to obtain proper Reserves Based Lending from a bona fide institution. But that is a long way off.

Agreed, Buck has been coasting with this for years. Nice work if you can get it.

But it is true that Buck has delivered nothing until permits, PC deal etc are sorted. I agree with others who have said, as I have stated before, that I don't see the point in going after Gobi at all until the problems with Herons are sorted. My fear is that it's Bucks way of keeping some market interst in the share in case the Heron problems drag on which they have a habit of doing. Punters love a drill looking for huge reservoirs.

Why would that happen?

Well, something needs to happen as this is garbage atm.

Think what you like Ashwaldo. I'd get that misfiring 'spidey sense' if i were you though. I honestly don't see what could possibly be winding anyone up in what I've said here.

Well, if it is a but then they are not trading with inside knowledge as the price continues to fall. They are already down quite a bit!