Member Info for russukarian

wow.... dusterhater your amazing logic and conclusions extrapolate to why you bother investing in AIM oil exploration companies at all ....oh hang on that's right you're not invested, ......... in fact why bother hanging around all day posting crap on their share chat board winding people up pretending to be thicker than you actually are??

Thanks for the link Proselenes. Well worth a listen to that Malcy podcast. Excellent summary, and very positive news 'direct from the horses mouth Mike' regarding better than expected early results from Heron.

I have been trading AIM shares for about 10 years now and seen lots of changes to how the market moves and operates after news (which is actually a reflection of human behaviour and response). I have made many mistakes - sold too soon or held too long. AIM is a lot more mercenary and short term nowadays), I have seen repeatedly the sell-off behaviour after even good news. But usually, often within a week or so, the SP climbs back to, or exceeds, the high attained prior to the sell-off. I would not be surprised to see 10P again very soon ') GLA

a 30% COS for RD-1 is actually still a relatively high COS for an exploratory drill - in addition to 2 more planned drills this season!
Considering we now have confirmation of oil at Heron (also early reported indications are exceeding expectations) and now awaiting testing rig, then this SP is way undervalued.

Thanks macd .....your expert opinion is always valued.

Expect another upward spike when US market opens this afternoon ')

This should close 10p or above today , then creep higher during the week as news gets around and also in anticipation of pending RD-1 result.

Just toped up. Drill results indicate better than expected reservoir quality ')

That was quite a tree shake, feel sorry for those who panic sold in low 7's!
Good top up opportunity though ')

I'm still holding for my 13p - may even this before TD results let's see
GLA

I guess you sold then

Good buying opportunity at this price. Retraced to support at around 7.5p which also corresponds to 50% FIB ') Lowish volume so don't sweat guys. RSI has dropped a bit which is also good, makes a good springboard for a large rise within the next week as we approach both drill results. Initial target still 13p for me ') Stick to your own strategy and don't get too greedy.
GLA

JAdam this is an 'initial' target based only on daily chart analysis. Should there be oil discovered in commercial quantity at Heron-1 or Red Deer then this will rocket the SP significantly higher than 13p!! ')

Analysis of daily chart reveals that a close above 9.19 in coming days/week will open up 13p as realistic initial target.

GLA ')

Mals that is one possibility as PC exert a lot of influence I imagine, but if it was proven then that would seriously affect future much needed foreign investment in the region. Also, that is not consistent with the fact that 3d seismics data has apparently been shared by PC.

Strong historic SP support at around 5p. Head and shoulders on daily chart now complete - this will begin to rise significantly this week imo. Excellent buy at this price. Get stuffed all the derampers trying to trash the SP for cheapest possible entry! ')
Good luck all holders.

No you don't understand this correctly. Go deramp elsewhere. Today was a clear bottom reversal pattern on daily. Up we go - buy your cheap tickets quick!!

Today's chart showed a strong bottom reversal pattern. I think we will see SP increase early next week in anticipation of next spud then hopefully the upward momentum from this should continue as we get nearer TD of Heron-1.
Time to be optimistic again guys ')

Holy crap lets see if support at around 7.55p holds otherwise next support around 6.9p level. Aim really is ruthless on oilies and short term nowadays.

Definition of optimism: going for a poo knowing there are only 3 sheets of toiler paper left.