Member Info for rsproson

Watching closely to see if it will drop below 10.8p just now. Bounced of the resistance there. I was tempted to get a few but it's a risky one.

I don't know why people focus so much on the UK drills. There are always delays with UK drills, you have to wait so long for permits to come through and so many hoops to jump through. The positive about Reabold is while we wait for all this we have assets getting proves up outside of the UK. It takes the pain away when you get that RNS of a delay - as you then get an RNS of a well being drilled elsewhere.

At least here we are waiting on multiple drills not just 1 - who knows, we could get 3 RNS in a row announcing drilling has started for different wells. That would be something! That's the good thing about Reabold, the success is not sitting on 1 well. 7 lined up over the next 3 months. Exciting times ahead.

Considering the amount of delayed sells and the SP unmoved I would expect to see some large delayed buys going through today.

considering the positive position the company are in. They do say though, buy when nobody wants them, sell when everybody wants them.

at this price. Seems people were probably waiting on it going a bit lower to pick up some shares. Some chunky buying at that. Buy v Sell ratio is settling out a bit better. Tomorrow is Friday. Friday is a bullish day in my books. Bit of settlement today and ready for the next leg up Friday and into next week. Weekends are a good time for HGV movement. Also with DL back in the UK something is going to be brewing.

This is aim it is all speculation lol

for those who were not yet in to build a position, or those to top up. The last line is what interested me.
"Initial oil should be flowing within a couple of weeks followed by various pressure testing and then production"

Loving it. Aim in full swing today.

I love the term treeshake. It is really a saying for lots of people selling, followed by lots of people buying the dip.. or more to the point - the people who started the selling buying the dip.

Lower high or higher low? Will be interesting to see where this goes today. Either way I am loving the volatility. This is why I love aim.

Ricfle - the weather in fine. Check the forecast yourself. Go work on your tan lines or something.

- lucky you! I tried to take some down there but there wasn't enough left.

Yeah I do agree an update on when drills will now be scheduled would be nice.

Maybe when they get a date for Wick (which must be anytime now) they will bring light to these issues.

Might be worth firing off an email and asking if they can update the market with this information in due time.

Still think it is a good price despite the delays though. Nothing has changed asset wise and they will be round the corner.

If you don't like missed deadlines get off the aim market haha.

Assets have not gone anywhere.

The boom is still going to come when they do.

That is the only reason for the low SP.

Once these assets come to play it won't be this cheap for long.

Unlike many O&G companies on aim if one drill is not successful it is not the end of the game.

NPV was all estimated on $60 a barrel so we can already add on to this.

All assets have been bought cheap and are low risk.

A few delays don't change this.

BOD are very active and constantly planning ahead for the next assets.

Clear entry and exit planned for each asset. Aimed to generate true shareholder value.

Huge upside potential here over the coming months.

Sellers have left a good buying opportunity at this price. Down from previous placing with M&G Investments.

Yeah and also based on an oil price of $60 a barrel I think? So that can be marked up.

Maybe 1 drill but a successful drill and all the assets they have got at great prices on top of that. As for the UK drills as boblondon said these are never in time and that's down to the government.

Everything is looking positive for the coming weeks and months from where I'm sitting. Gla.

To be honest with you, it is an aim company. The updates here in the last 3 months have been far more constant than the majority of other aim companies. I'm a fairly patient person so I am content with my position even if things run over a bit. The news flow to date from my entry has been more than substantial to keep me happy. It is my understanding that S & S have only been actively in charge for around 18 months? I feel they have achieved a lot in that time. Lots to come and lots of news flow to keep 'most' investors happy.

It shows this is a good base. No one is willing to give up their shares at this level. Good level of support.