Boyzee, if you're so aware of what is happening, why dont you ever buy in? only ever short. Surely the best traders are one that know how to make money on the ups and downs. you know this will get to 15p on sentiment
haha Hopenpray, do a little research please, like just look at twitter or something... the bare minimum at least. you'll soon realise Pboo is one of the few who have actually walked site and had an in depth conversation with SS.
I think people are expecting flow rates to drop off like Lidsey etc. i just dont think this is going to happen. the fact its flowing in excess of 200 barrels a day with no pump. the amount of pressure it appears to have and the amount of gas are all tell tale signs that this is not going to slow up
Thanks Alan & 111Baker,
Alan, your post (although briliant and very informative) mainly refers to Balcombe. However it was Bognor Regis that Lenigas claimed "flowed" from the Kimmeridge. Just trying to find out a little bit more, becuase if the kimmeridge is flowing that far south then the extent of the weald could be much larger than expected.
cheers GLA
111 Baker, Hi I've recently / finally taken up a holding in Angus based on the points below and following news on lidsey and brockham but looking back through the RNS's i'm struggling to find one that states they are testing the Kimmeridge at Lidsey. can someone point me in the right direction?
Lenigas has said the Kimmeridge in Bognor Regis Flows?
Thanks and GLA
Seen this so many times before on aim, big buyers have contacted brokers with a buy price and quantity in mind. Brokers are now destroying the SP eating up all of the stop losses to fill there order/s. This will be back to 2.6-2.7 next week. If you can buy in, this is a great chance to make some extra !
122 million bought, 50 million sold.......
They cant understand the hype
Its the big picture everyone is so fired up about. proof of the commercial viability of the weald play.
who cares what it does today its where it is 5 years from now. probably around 50p by then
one well could produce 10 million of revenue a year, with approx 6 million profit. without additional wells being drilled.
the kimmeridge could bring another 25-30million revenue, which would bring another 15-19 million profit. again this is without sidetrack or additional wells
20-25million profit a year with massive potential for growth.... would expect 4p per share