RE: Too many upset people here.Just ignore their negative post .4 Jun 2024 00:47
Pretty simple, they are going to see what the production will be soon. Is it 150bopd commercial only what we need to run company? Or is it 100bopd? Still better than 40bopd-70bopd what they produced before but not enough, or is it the same as they produced before?
We will find out soon, so now it’s really 50/50 which way it will go. Sometimes management can word RNS poorly or sometimes its vague and its up to you to decide how it seems. They are still testing and evaluating and re-connecting well to facility. Then waiting for clean up and stable flow rate, they and we will find out soon.
They have other wells to drill that have oil potentially high to medium chance, they can sell everything because assets have high value. Even if they are producing over 100bopd or under it again, they can do huge placing to fund debt, try again or go for other wells. So anyone buying at this low price can make money back or new investors can make money easily if everything goes well.
Like HE1 people lost so much money, it was a 4p-28p stock for 5 years, then went to 0.20p, people who brought then made thousands or millions when it did a crazy 1p-3p within weeks. Its timing it, its the AIM market. Debt, management, dilution, markets, luck yes it all matters, you either win or lose by choosing to invest, no one has forced you.