Leftie, we can only go on information that’s out there and Pi’s are always the last to know the real story as we know. What happens next is anyone’s guess for 2020, If’s, perhaps, should, likely, it’s a moving target, no clarity.
I do also wonder about the consistent positivity of ijwt, Almost like it’s his job to manage the sentiment here. ( no offence ijwt). On carapa there are two targets, it’s the closest drill onshore so far so potentially the heaviest 15% cos, again we’re the last to know .
I am going to stop posting as it’s too time consuming and not Healthy GLA.
No way they are going back to Jethro next year, way too much uncertainty, the market won’t assign anything until proven production, not a quick route to value for tlw, as they have stated, they want light oil . Stabroek is massive, many leads, light oil, Hess/Exxon have more than enough to be concerned about, I don’t see hammerhead flagged up in Latest presentations from either company, low hanging fruit first.
The oil will stay where it is for years or indefinitely The market is in the process of putting a value of zero to these discoveries.
Carapa well in the Kanuku block started some days ago in October. This well will test the upper Cretaceous and the lowermost tertiary play, targeting the same formation as in successful neighboring prospects.
Regardless of oil/type in the ground or reserves sentiment must change. Until it does change the share price will go to hug the horizontal line on the chart just like all the other “undervalued” dogs on AIM.
Personally I think there is information PI’s are not aware of yet hence the Heavy selling, be it drilling schedule,oil analysis, Tullow plans, Capara, I don’t know.
Ijwt, that Hannam report was banded about here a week or so before “The News “ £17/share apparently, now, as you say the share price Is “bobbing about” its 80% less than joe highs.
This is what PI’s don’t like There is a very clear difference between high sulphur heavy oil and light oil, It doesn’t take three months to inform investors what was known on day one when it “flowed to the surface”, spin it whatever way you want .
RE: OMG........ 5% Sulphur content23 Nov 2019 10:51
Commerciality of these discoveries is in question, that’s from the OPERATOR in a RNS, don’t ignore this In favour of opinions from a PI on a BB with their own agenda
I would say comments on here are misleading, talking up the commerciality, which, as always, the market will require proven by production , until then these discoveries will have NO VALUE, as per the SP.