Member Info for riskypete

The next drilling at the end of the year has proven oil, as it has already had an explority drill, so a lot less risky. No one here has ever said oil exploration is without risk. it is the very fact that there is risk that results in the massive upside when things turn good. I sold all my chaco at 8p but put a third back in at 7p

And this is aerly days as the other plants come online this share sp will duble and duble again and again. Having said that I only put in £500, I will leave it at that but hope to take out 5 to 10 grand in 7 years.

email the compeny via the link on there web site.

good article on oilbarrel, plenty off upside as drilling progresses. this share was never for widows and orphans, high risk = high potential.

we have the new licence today, should help sp a bit.

chukle, chukle, very good.

I topped up a little, which is strange as I expect further drift down before any good news. Like I said it was a little. I will top up more laiter.

So any price drop has already occureed.

If you look at any other dry well the drop takes a few days. I have sold intending to get back in late next week.

this site reguarly gets it wrong, but with such low volumes it does not really matter.

http://www.iii.co.uk/investment/detail?display=discussion&code=cotn:CHP.L&it=le

The reason for the sp fall was GED in the block next to us found no hydrocarbons in there explority drill. While this does not affect our chances of succes It affects sentiment. If you wont to keep up with what is going on with CHP I suggest looking at iii discusion

I am in no hurry to top up on this one. However if they reach 4p, over the next few months, I will scoop them up. If not I will stick with what I have.

The sp fall is not too surprising as a partner for mg6 is by no means certain and will take 4 to 9 months to tie up. If we get one the shres will rocket, if not we are in the shit.

latest report released comenting on cenes rns last week.

It will happen any day now. The question is will we get the first rns when equipment arrives on site, rig is assembled or drilling has already started. My guess is not till after drilling has already comenced. So next week or so.

I sold my original investment and will leave the profits in for for the long term. It may take a while but the upside could be huge.

If they are raising cash it must be to develop the new licence. So it must be in the bag. Just wish we knew more details about it.

objective capital has done a full report whisch says it all.

Just my opinion, Having done the research as much as I can the conclusions I have come to are. The results were as expected, possibly low end but certainly not better. So the value was pritty much already calculuated in the sp. There may be a rise before we have a deal but it wont be spectacular till the deal is signed and the detail analyased.