Member Info for ROCKETVI

Very confident outlook from CJ. I will be retiring if this reaches 1p. Good to have large gas resevoir but viable oil is another matter. RBD seem confident taking out Humbers stake so wont be selling any shares until 0.05p minimum.

Thank You Heid.

Without research, are Humber Oil involved in any other sites in partnership with UJO. ? Seems that RBD will take an hit, so hopefully UJO are finished with Humber Oil.

Never: Any positive news would be welcome but i believe that they need to keep producing at a steady rate until the cash pile builds up before exploring more drilling in the same area. As it is still an exploration Company primarily and is receving income, then they need to have more thought into the next drilling area. This last one was a wake up call and could have been a lot worse outcome. A high risk share but that`s how to make decent returns at the risk of big losses...

Looks like the treeshake has put a stop to new buyers for a while as expected. Bought back in with average of 8p so will wait for retrace over the next few weeks. No good news expected so in for the long term.

Thankfully i sold out 90% of my holdings this week to settle other share purchase. Not happy to see it drop like this but has stopped me taking a big loss.
Will be buying back in if it goes lower next week.

Jaskk: You have exactly described what the plan is in that see how the first trance goes and give the shareholders a vote on the second one. I wouldn`t advise anybody to buy any more at this level. This is a very sneaky way of robbing LTH`s.

MRP. That was a while ago regarding SOLG. Made £15K out of that but could have doubled that if i`d waited a few days later. Am in HUR at average of 0.12p now but expect to see better returns on this one than PMO & TLW given that they are low cost producers and always a good change another large reserve will be found. Just need to get rid of this low trading range.

Hope so as i have just bought £ 20K worth based on the revised NAV. Obvoiusly rental income is the going concern but i see this as oversold given that this virus restriction will have to be lifted to some degree within a few weeks. The Country needs to get business`s back open or we will see a proper depression.

First time i have invested into HUR although i have followed their progress for Years and cant believe the price is so low given production rates and very low cost per barrel. Have given up on TLW & PMO so sold out as this Co looks a lot more promising when the POO gets back to a stable price around $40. Can see this trebeling within 12 Months time.

Oil storage tanks and VLCC`s are in short supply at present and the cost for storage is increasing the longer it is stored. Where is all this extra oil on the market going to go ?

21/05/2020 ex divi date.

Bacc: Trump. He is totally correct on that one unless you have died before and came back. I`d trust that Man with my life. God Bless America...

You may not like Trump, but he is up there with the best of business chess players. He will screw Russia and SA.

Certainly they know the api hence the further drilling to confirm the actual size of the field and flow rates. I believe that UJO will buy a larger stake in WN as they have free cash. Good result on the gas find alone but large quality oil find would rake in lots of cash.

Bit more serious on an offshore platform if a virus hit. I wonder what people would start panic buying if they were told a massive asteroid would wipe out the World in 3 weeks. Bog roll isn`t high on the list.

Uggy: Thanks for correction regarding low pressure. I am not a geologist but have heard that a pressured gas resevoir on top of oil can stop it flowing hence the low presssure. All that matters now is that it is as big as first thought and of a reasonable grade to bring in potential buyers.

Coronavirus isn`t an issue as most of the gas/oil UJO have is still in the ground and not for sale on the open market. Need WN to start on evaluating how much gas/oil there actually is and if it`s high grade and flows freely. Final analysis results will determine the S.P. They stopped drilling for gas when the oil showed up i believe so indicated that it flows freely but don`t know what grade the oil was. Could rocket in a few weeks or stay around this miserable price. I personally would put a few quid in this one at this price if i wasn`t already in it...

DownBNO: Strongly agree, they will have to shut down when all storage capacity is full which wont take long. Not enough tankers as well and they will put up prices even more the longer this goes on. No winners in this one as all will suffer but do feel that it is all to stop America getting more powerful. Can see Trump putting oil import tarrifs in place once all storage tanks are full. Give this childish game a Month at the most...

Betrayed: Lets get this virus into respective. It will kill vulnerable people with other complications and healthy people will survive. The only difference with this is that it is difficult to contain. The death rates compaired to AIDS and ebola are minimal, but becuse these viruses could be contained or were normally caught by a minority, then Government did not impose a curfrew on movement or shut borders. It is a very contagious virus but the death rates are fairly low. All Governments can do is limit the spread speed so that resources are not overloaded. The virus spread will reach a peak very quickly once high immunity levels are reached. Oil will not remain at this price level for long.