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Big buys coming in...
Logical process of events is to announce funding, then shortly after produce cpr and good production numbers, I’m in....
The Company's targeted sectors are depressed with a reluctance to commit to investment, especially in the wider context of the economic slow-down and current political uncertainty with regards to Brexit.
Consequently, losses for the year will be higher than expected. However, given the recent corporate restructuring and a resultant significant lowering of overheads, the Board is confident in the future of the business.
Errrr, they are not selling anything....
Why buy, depressed markets, running out of cash, anyone buying now is nuts
What a sack of #@#@
I’ll be dumping on any hint of a rise, no sales, no money, dilution coming, dead.
Something brewing here...
I’m in for a punt at these prices
I’m out with a nice profit, no reflection on heron results, however I’m derisked for red deer results, which could create a drop in the run up. 28 days until heron is tested, I’ll possibly buy back after red deer, good luck all. Nice result.
Heron Prospect
Based on the latest mapping, the Heron Prospect appears to be the southerly extension of a proven oil-bearing structure drilled by the PetroChina discovery well T19-46-3 in Block XIX. The data indicates that the majority of the structure, including the mapped crest of the trap, lies in Block XX. The previously identified upside potential immediately east of the Heron Prospect has now been confirmed to be part of the same structural trap and this has increased the mean prospective recoverable resource assessment for the Heron Prospect to 25 MMbo. The Heron 1 well location that has been chosen is 1100m from the T19-46-3 discovery well and the primary reservoir targets at Heron 1 are prognosed to be at approximately 2800m, roughly the same depth as they were encountered in the discovery well. Overall, the Heron trap covers 13km and has approximately 800m of vertical relief.
Quote from Mike Buck-“ The chances of finding recoverable oil at Heron is good”, backed up with a 75% cos and next to a proven field for Petro China...
That’s why I’m happy invested, happy with the odds, and will take great joy at watching the fruitcakes fry on results day...