Member Info for Sageman

it depends on the POO at the time , who shows up to buy, what price they pay per barrel and how many barrels have been discovered divided by the shares in issue. This may not flow commercially, it may flow with anything up to an extremely optimistic 5 bn barrels. At this stage the upside is considerable so �1- �2 is not out of the question.But by the same token nor is 1p either! Very exciting play.

I read this board every day and am invested. Lots of comment here about buys and sells. Personally I do not judge. There are all sorts of people out there with different needs and strategies. The person who bought at 4p doubled up at 1p and now with a 2.5p B/E. Taking some excess off the table and breathing a sigh of relief only now being able to tell the wife! The person who bought in the 1's selling half on a double now 100% de-risked. If DW knew this would flow he would not have have done the recent placing but waited for results and then placed at a higher sp. I too will de-risk but given the positive news flow hope to do so mid 3's. It is good to see price action up and around the 2.90 resistance level letting some people out and new blood in. I will hold my core to the end. Fingers crossed for the �1-�2 party. GLA