New workovers21 Sep 2018 09:21
I just want to be completely transparent, I am a LTH here and still have shares but have de-risked somewhat over the last couple of months, still got decent interest here but not enough to warrant watching daily as I was before etc
And I feel like i should say that as i don't want anyone to think i'm now attempting to deramp - I want only good things for Shareholders here but reading over the last few days chat it seems many are expecting the new workovers to reverse sentiment here and get us back to where we were and push on from there and I wish that is going to be the case but I can't help but think we have already done a bunch of workovers which hit 4/4 including elms 1001 (big news) and look where we are! Yes testing didn't go to plan on a couple but a couple still to go and it was overall positive yet here we are - however the new lot of workovers should see us rise and hold? Surely we are going to need another elms 1001 type find to warrant that surely? Seeing we've already had such a big find and haven't held.. what's it going to take to get an actual decent rise here? Actual consistency northwards? I'm a massive fan of the company and do still have faith in the BOD but this SP is depressed and it just seems we never get the rise on good news we should and anything that isn't good news we get hammered for it.
I hope the next lot of news on the workovers are firstly, positive but secondly followed up with additional news we have been waiting on, Bolivia, Seismic, onto testing last couple of original wells and lots more bringing us up to the new year ready for TA and looking a lot different than we are now going into next year.
I remain positive here but trying to be realistic - I feel we need something big to set a reversal here and I hope we get it soon!
ATB