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Just for you Theo, now be quiet.
Have a good weekend everyone.
Hms687
I really think you need to make up your mind or grow some.
You say agree with Whitenight sometimes and he’s a allegedly short on this and then you say you hold shares and want to find oil. These opinions are opposites and you appear confused.
Time to stop your dithering and decide - are you short or are you long.
Good luck on you decision and it’s outcome.
Great to see the two big buys this morning.
Someone who absolutely knows what they’re doing and where to put their money.
Just a reminder of the company’s Growth Platform
Our current priority is to create a self-funding oil & gas production company to exploit the growth opportunities being generated as industry players rationalise their portfolios to achieve their net-zero emissions targets.
The development of the Erfelden field has the capacity to deliver material free cash flow to deploy in delivering the growth platform.
Our focus is on organic growth through the development of the Rhein Petroleum portfolio and inorganic growth through acquisition or farm-in to cash-generative upstream projects where there is an opportunity to add significant value in the short to medium term.
A large part of our activity is in originating, evaluating, and maturing a strong pipeline of investment opportunities in line with our stated strategy while the Rhein Petroleum operating team continue to develop the portfolio of fields, discoveries and prospects.
By concentrating on cash-generative assets and by capitalising on the current deal pipeline built over the last year through the Board’s extensive industry relationships, the Company aims to continue to lever the time and cost expended in assessing potential new ventures to deliver growth and shareholder value.
Ranging from Europe, Africa to the Far East, the opportunities the Company is assessing are suitable for debt or vendor financing, and the Company is currently funded to mature these options.
The delay is a pity but you’ve got to expect the odd one.
As I’ve said before I’m more than willing to wait a bit to enjoy multiples of the SP if we get things right.
I wonder what the price of oil will be in a month from now with everything going on internationally. Crazy world 🌎.
Be safe.
I missed what Whitenight was up to this morning and presume he’s been removed yet again as there’s no trace of him. No loss to this board as he is rather immature with his postings. Well done to those who reported him etc.
Anyway it’s good to see plenty of other decent posters coming onboard and that the volume is increasing as we get closer to news.
MRGman
Yes the buy was at 09.28 this morning and I paid 9.7475 and it was with Hargreaves. Defo a buy.
I was surprised as others were paying a little more, but every little bit helps as they say.
All the best.
Managed a 50,000 top up this morning.
Pleased to have paid under 10p and confident that the team will deliver something very positive soon.
Olwi
I can only comment on the oil not the huge amount of money now needed going forward. I actually added as I feel there is a nice bounce over time that I will take advantage of.
BCE don’t have the issues of drilling in horrendous conditions and the financings of tens of millions that they will have to find.
Just 150 BOPD and we are apparently self funding which makes this so attractive.
88E have dropped a stellar RNS this morning and appear to have proved finally they have found oil and in large amounts.
Hopefully in a couple more weeks we could have our own good news.
With the current instability in the world oil looks to be a premium and prices high for a while which will help our balance sheet.
Some sort of confirmation RNS that we are progressing hopefully later this week or early next week my guess.
Good luck.
“2024 an interesting year”
Hopefully and I suspect the understatement of the year 😀
@Whitenight
Not sure if you can read charts and I know you get a little lost with maths but just seven days ago we were 0.0475.
If I’m not mistaken we are currently above that price.
Generally when there’s no news the share price will drift or perhaps stay the same. Fortunately for those of us that hold shares the price has actually gone up. Not a lot I admit hence why I didn’t want to ramp and suggested we were holding up ok. Just what the Dr ordered 😀
News in a few weeks and then you can blow your blow your plastic trumpet or disappear into the night.
Mad
I’m on holiday at the moment so only popping on here occasionally and not monitoring my portfolio as much as I usually do. Just noticed that you are possibly in a few of the same companies as myself. Could potentially be a very profitable couple of months ahead for us both.
I always look to see what other posters are in and try and understand why.
Beer o’clock
Regards.
My opinion would be when we start.
I think they would only inform us of just the equipment arriving if they needed to shore up the SP if it was falling or they were about to do a raise etc, etc. I think things are moving forward calmly and we are in good hands and there’s no need for the additional RNS.
As I mentioned I think late next week at the earliest or we might just have to wait a tad more. Personally if we get the results I’m hoping for I’m happy to wait several weeks to get everything spot on and no mistakes. To be honest for multiples I’ll wait months. The company is spending a lot of money on this operation and after the last attempts we need this nailed. Not that the last failures were the company’s fault, just hazards of this industry.
Just my thoughts and all the best.
Good to see the interest here is still building. Share price holding up pretty well as we wait for news that will probably drop next week. Once things are up and running and we count down to the results we should hopefully see a bit of movement. Then get ready with those rocket emoji’s and sadly saying goodbye to Whitenight 😀 I’ll certainly miss all his useful inputs and snippets of information but most of all I’ll miss the constant jokes and upbeat humour.
Things pretty busy over at PANR and 88E at the moment with PRD and HE1 nicely warming.
I’m in all five of these and banking on all or defo the majority coming in good. I certainly hope to take early profits on a few but several I feel have real long term growth potential and worth leaving some in for the ride.
Busy late April and May ahead.
Good luck people even you Chuckles.
Is that a 71 million share buy at the end of play.
Nice 👌
Whitenight
So you admit that you are trying to drive down the share price for every body already invested and loose them money. My alternative position is to make everybody some money including myself. I’ll let everybody here who has presumably invested their cash decide who is the reasonable fellow.
As to ramping. We know you like name calling and have only just returned to the BB after your last suspension. Three of my posts this morning have mentioned ‘risk’. One post that you’ve probably not read the attached link explains sidetracking. The first few paragraphs are all about the ‘risks’. So as a ramper I’m not really doing a great job am I.
People must do their research and understand the risks. There you are I’ve mentioned that word again.
As an investor I look for opportunities and I believe this is one. I’ve done my research and have bought my shares. Yes of course I now want the share price to rise and I fully believe it will and I will take profit at certain stages.
Regarding going back to school I went for your info a good one. It taught me to be polite, help people, behave in a mature manner and use my brain for good. We’ve all seen your understanding of basics recently and of your poor behaviour. I have to ask did you perhaps have to leave school before getting a good education like you had to leave here ?
Try not to get so upset and perhaps put a smile on your face, it will make you feel better.
Hopefully another blue day ahead.
Regards.
Whitenight you’ve openly said you are shorting this share which I don’t actually believe,. How you can you now pretend to be concerned about the people who got in higher and are now down as that’s surly your aim. You certainly don’t seem to have a grasp of this investing thing.
Kevin for your info ive gone back into HE1 and feel there is another potential uptick there. I think a ten fold increase is also unlikely here but certainly multiples of where we are now. Long term who knows.
Anyone who did get in here at a higher price I just hope they’ve been able to find the funds and get in recently and get their averages down. They could still do rather well.
Have a read of that information I put up. There’s still risk but it’s a standard industry approach/solution to our problem and hopefully we will get it cracked.
Https://www.drillingmanual.com/sidetracking-well-drilling-time/
A useful read to help understand what the company will be doing in a few weeks.
I managed to multiply my purchase of HE1 shares by 8 times recently. Wow I remember the doom mongers there at the bottom. Then a good RNS landed 😀
These opportunities are out there. Yes they are risky but you really should take advantage when they come along.
Do your research people then invest if you are happy.
If you don’t like the odds/risk absolutely walk away.
Whitenight
Thanks for pointing out the 5 fold profit people might make here at these prices if Beacon are successful with the sidetrack operation and get the oil flowing.
A raise is possible further down the line but at a much higher price. Only 150 barrels a day required to be self funding don’t forget.
What an absolutely brilliant opportunity and certainly one to take advantage of I would have thought. Probably why all the buys recently.
Thanks for highlighting the great opportunity.
Cheers.