Member Info for Rktech

OPL 226 is in the Niger Delta and so the grade will be Bonny Light which trades at about the same price as Brent due to it's low sulphur content.
Arthur has already said on multiple occasions that the project is viable down to $35 Brent

Ironic that this low grade boil on the bum P&D merchant was talking about " My BOIL " recently....that's Baron Oil ....which is now trading below the original pump starting price.
I guess we can assume " Dump Complete " there.
Also LWRF.....which has delisted.....WOW, what a star.
LTH are invested here because they have done their research and realise the quality of the asset. High risk high reward but good fodder for a P&Der.

I agree with Acker's assessment , the only thing I'd add is replace GR.
Too much irrational ramping and where has it got us ?
The rise here was triggered by a statement from a somewhat dubious junior minister who was reprimanded for it.
Not much to base all these " about to blow " statements on.
Back to slow and steady.

Arthur is in London.....it's come from multiple sources.
Good to see some reasoned posting from Dunc again.......makes a change from a lot of the cr_ap we've been subjected to by certain posters.
I would guess that Essar are in town also.....they were here last October and I think that meeting was a turning point.
We have to drill before the PSC expires in October and I think NNPC have been mucked about enough by Essar.
Oil price drop is transient and I'm sure all the players know it.
Things do look like they are lining up for a successful conclusion.

I'd agree with Jiving there Bolton.
By all means de-risk it but the real gains will come in the full field development.
This is not a one trick pony.

There's a pool of money trading this and until there's a re-rate on news and the herd arrive to overwhelm it then expect it to continue.
Plenty of circumstantial evidence though.

I expect the effing traders are shorting the sh_it out of the market at the moment.

3 Billion shares in issue with hendos getting out at a good profit thanks to Carver
Shortly to be 30 million so ripe for another rinse and repeat which is Parsons Modus Operandi.
When I saw his appointment I wondered what he thought he could get out of it but it didn't take much working out.
GL Folks with whatever you decide but the corporate vultures are definitely circling.
It's really all a bit sick after what parsons has done to the SOU holders and that's not even mentioning Echo and Coro.

Bonum........Jesus, like Aristotle......never wrote anything down.
Perhaps you could do us all a favour and emulate that.

And when the Plugged and Abandoned RNS comes in for BPC it will at least stop you from ramping it on every board you visit.

I don't know who " oil man jim " is but my view of Pundits like him and the more famous beardy bull****ter Malcy is that they are useful as a kind of quick reference guide to some of the current news if you maybe haven't had time to research yourself or it is only of passing interest.....but always arrive at YOUR own conclusions.
The fact that he said raise the capital shows he's not really up to speed and frankly he clearly can't even read an RNS.

I get the same reaction from people Bolton but we know what the quality of OPL226 is.
I also think Essar know that if the PSC contract is allowed to expire due to them holding things up further then they'll walk away with nothing.
I imagine there has been much haggling and now everything will have to have been legally battened down before the finance proceeds, which accounts for the long delays.
Looking forward to hopefully a good result here and the SP going through your initial buy in price of 1.67p as I remember.
Let's just call it an initial target.

I've thought we must be living off Art's credit card for a while now and this is just confirmation.
Given the small amount of the loan the real finance package could even be announced next week.

Reading his posts is a bit like watching an old 30 year old top of the pops show ( currently on BBC4 ).
It's so toe curlingly appalling it's kind of compelling.

They're doing it for their own gain at the expense of others loss

It's so obvious it should be pointed out to all.

I'm saying that so you have a chance to read the posts.
Absolute classic Pump and Dump

Well done Suhail and Mohh........Areal pair of .........well you decide !!

LB28......no offence but i'LL SPELL IT OUT.
Shoreline are in a JV with COPL, hence SHORECAN
Kola Karim ( CEO of Shoreline ) is also a director of Schlumberger.
I think that Mohh is almost certainly right about LWRF but he is part of a double act to trade swings in an orchestrated P&D.

Up 13%

That will do !

Kola Karim....CEO of Shoreline, our JV partner is also a director of Schlumberger Nigeria.

Typo " Repeat ".....because he's also a bit of a spelling fetishist.

Should have added " Rinse and Rerpeat "