Can't find any news but maybe they have found a buyer?
Thousands of square kilometers of licence. Really good test drill results and only a fraction of them in the bag...much more to come. Is there a demand for the stuff? Look at its price. This lot can only go north from here on. Might be two years before they start mining but it is going to happen. Get in now it will be a winner.
More like the wall of 'Death'
No idea, must be something in the pipeline......which would make a pleasant change!
Their management team has been awful, and they have used a lot of cash up to apparently wind up with very little, but what is strange is that they do have oil and some interesting prospects. There is a distinct possibility that they may well run out of funds in the near future but what if they dont and actually do or discover something worthwhile?
Some bounce maybe the cat is not so dead yet?
Lot of buying right now...?
interesting to see what if any answers you get!
Whatever next........rns?
Something definatley going on today, whispers in corridors?
Acacia este 2 is looking good, and as mentioned before there is a strong possibility that they are sitting on top of an oil lake extending beyond the two wells already half a kilometer apart and in place. The fact that they are upgrading their storage capacity speaks volumes in more ways than one! Still speculative but the odds are getting much better. IMHO this stock is not going to be so cheap again and can only go north from today on. There are other prospects on the back burner with Black Rock which should also be considered. If Acacia gets going and starts a decent cash flow this company will develop nicely.
Hello hodger, no news that I can find but this share is well oversold, its basic value has to be 8p. Would't surprise me to see this level achieved in the near future.
Somebody somewhere knows a bit more than us mushrooms, this stock is hot hot hot.
Up a few pence by the end of the week?...Now theres a fine thought if there ever was one....good luck.
Something going on? Wouldn't be surprised at some sort of rns update on a positive note in the near future, as there are too many shares being mopped up for it to be nothing more than speculation.
Obviously those in the know today were throwing their loose change at this megga punt. As It will only take one respectable 'discovery' to put this share in the footsie leauge it's maybe worth a go, a bit like betting on the Loch Ness monster. Meanwhile it is more likely to fade away and die around Dec 2008. RIP.
And thats for a company thats supposed to be finished, hope for Northen Rock yet maybe?
Good morning Alfa, I have topped up with a few more as well, the current price must be a bargain. My gut feeling is that the potential is worth the risk and Black Rock could be sitting on top of huge oil reservoir. More seismic analysis and evaluation will soon put us out of our misery. and it could be sooner rather than later......Maybe.
Only a handful of shares traded, 170,000 and the price has dropped like a stone. Someone know something we don't maybe???
The recent reports were indeed passive to say the least, but there was a nugget to be had in that the recent surveys had in fact discovered large areas of potential. The surveys carried out were not specific or carried out in any great depth or detail, they were cheap and cheerful and thinly covered a vast area. The analysis of these reports will soon point the company in the most lucrative direction,.........hang on to your hats.