The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Boyzee, no one knows what the sp will do. Not even you. This is AIM and it follows no rules. Just as we had that ridiculous drop to 1.4 on good news, last year we had a ridiculous spike to 11p on nothing substantial.
This will take off, but no one knows when.
Nothing wrong with trading a share, after all, its a market. Nothing wrong with genuine concern or genuine exuberance with something you’re invested in. Nothing wrong with constructive discussion. But, dignity and integrity are all important.
What we’ve seen here over the last few days by some/the usual posters is shameful and shows the worst of human nature. Genuine investors deserve the benefits that this share will hopefully bring in the future. As for the others, then hopefully karma will prevail.
We are agreed on something at least. Aim is corrupt. But just as those ‘gamblers’ will attempt to take a stock down, they will also need to take it up to make the huge gains. Happens every time, especially on a high profile stock like this.
And, you refer to investors as ‘suckers.’ Vile old man.
Will. Now this is why no one should believe a word you come out with.
SOLO did not pay anything for their shares. They swapped their interest in HHDL for some cash and 234 mil shares, which at the time were valued at 1.88/1.92.
If they sell those shares now at 1.60, they still do not sell them at a loss. They just receive less money than they would receive if they sold them at 1.92. Solo selling will depend on how desperately they need the money.
Surely an old fella like you can understand that?
Oh dear. Try HL or get L2. The largest trade so far was a £14k sell. The next two largest trades were £12k and £10k, which were buys. After that fairly evenly matched.
Sentiment is low at the moment admittedly for a number of reasons. Brexit fiasco, oil price wars and the general apprehension with the world economy. All markets were down.
AIM is a fickle market and sentiment will change at some point in the blink of an eye. Maybe after KL4, or KL3/4 co mingled. As confirmed figures stand now, this is/ will be the second largest onshore oil well in the country outside of Wytch Farm. At some point the market will wake up.
And of course along the way there will always be the traders who will try their best to talk it down.
In the dark days and after the final RNS at BB the sp dropped no lower than 1p despite calls from the usual posters including Winnithrith, that it would drop to .4. Despite their best efforts it remained at 1p and started to move northward pending the start of EWT.
The difference between then and now is that we have retrieved nearly 14000 bbl's of oil from Horse Hill which has been sent to Hamble and sold for gross proceeds of over $1mil. We have the Portland declared commercial, and KL3 pending a declaration of commerciality. We haven't even started on the biggest zone KL4 which initially flowed at 900 bopd. We have been told that co mingled testing of KL3 and KL4 will continue until the sidetrack, thus continuing to produce oil and revenue until possibly June. Now again look at the sp and decide if the drop is warranted or it was staged. If this were to drop back to 1p on the facts as of now, then there should be a suspension and an investigation.
Posters such as JBG are here purely to get into the heads of private investors to force the sp down for their own gain. Keyboard criminals.
With the Portland KL3 and KL4 producing 1000bopd from just one well, it would make this one of the biggest producing onshore wells in the UK. That would be without horizontal and additional wells. Also further licenses across the Weald. The future here is massive and because of that unfortunately it attracts the unscrupulous as we have seen over the past few days. Monday will be interesting.
Scandic
everyone who frequents these boards knows of you, thus your credibility is virtually non existent.
I'll ask you now, why are you here? Its a simple question. You hate the company. You have no shares, so why have you been here, for at least the last 18 months to my knowledge, posting garbage.
Why would any normal person do that?
JBG - If the final flow rate regardless of choke size was much higher, which it could well have been. should they have released that figure?
I'll answer for you. NO, because it would not have been a true representation of the full test program. Too many variables. And before you mention it, the initial first flow rates were mentioned quite rightly, before they started experimenting with shut ins and different chokes. You have no argument.
JBG - Back again I see after a long absence. Strange coincidence.
This is from the scoping report dated 20th September :-
THE DRILLING OF FOUR NEW HYDROCARBON WELLS (ADDING TO THE TWO EXISTING WELLS ON-SITE), ONE PRODUCED WATER REINJECTION WELL AND THE SUBSEQUENT INSTALLATION OF SIX SURFACE MOUNTED PUMPS (ONE PUMP PER OIL PRODUCING WELL); THE CONSTRUCTION OF A PROCESS AND STORAGE AREA AND TANKER LOADING FACILITY ON LAND TO THE EAST OF THE EXISTING WELL SITE TO ACCOMMODATE 7 OIL STORAGE TANKS (CAPACITY OF 1,300 BARRELS PER TANK), 2 FIRE WATER TANKS, 2 PRODUCED WATER TANKS, AN ENCLOSED GROUND FLARE, AN OIL HEATER WITH AN EXHAUST STACK, 4 GAS-TO-POWER ELECTRICITY GENERATORS WITHIN ACOUSTIC ENCLOSURES, OIL SEPARATORS, ABOVE GROUND PIPE AND CABLE TRACKS AND ANCILLARY DEVELOPMENT ENABLING PRODUCTION OF HYDROCARBONS FROM SIX WELLS FOR A PERIOD OF TWENTY YEARS FOLLOWED BY DECOMMISSIONING & SITE RESTORATION.
I think that totals 6 wells.