Member Info for Snaffleman

Predictable pathetic initial sp response if the results had been poor we would have dropped like a stone instantly. Lets hope buying pressure moves us up steadily

When there is progress in Niger this will move up very quickly and substantially. You need to decide if you have the belief and appetite to wait

hold off on the haircuts folks

I was also thinking of taking a haircut but then I remembered I am already completely bald

None of the instis have significantly reduced or bailed yet as far as we know so they must be continuing to hold for good reasons.

That would value us at 10 million it has to be a mistake

What are expectations wrt when we will eventually see the WN drilling results? Best Case/Worst Case

For Gods sake get the results published the wait is toture

sorry negative view expressed by Deltic

Perisimmon why repeat the negative statement made by Deltic about WN without including Reabolds response which exposes Deltics inconsistency about the issue.
That is not fair and misleading to any new people reading the BB who may not be aware of reabolds response to the negative vie expressed by Reabold.
If you don't like Reabold why not just move on

Are we all doomed?
Yes the future is death for all of us.
Happy birthday when it comes

I was only joking when I said I had bought another 500 million and it would go to £1.50 (Sorry for that)

Anyway I am strongly tempted to buy more I have watched other shares ground into oblivion eg when gkp did not get paid for ages in Kurdistan but the difference here is that they are getting paid, oil is rising and the assets are worth more than the debt imo. That is the difference for me. I understand that it remains high risk in the short term even at this sp.
In my view it is the short term risks that are being used be shorters to hammer the price into unprecedented levels.

Great news. He should have been gone years ago. Here is to a better future for Chariot

I thought they would need to put out an RNS if they received any payments. My concern is if they have still not received any payments at the time of issuing results the results will not be well received. I assume that getting the payments before issuing the results was a major reason for the delay although not the only reason

The uncertainty in the short term will do us no favours. We could have done without this imo

Am I alone in thinking we should consolidate first ger WN drilling done and then build. I am instinctively hesitant about deltic particularly in respect of risk of dilution particularly before we have actually achieved major sp growth.
Happy to hear any alternative views.

Zengas of course you are correct about there being no comparison between rock rose and SAVE however a common theme is the hammering both companies SPs took recently and Rockk rose CEO recently stated in an interview he was committed to shareholder value and wanted an sp of £50. See last malky interview. They accepted an offer of £19

I think the oil sector has hammered good oil and gas companies as well as mediocre and ones. I took the view that by any standards SAVE has been dragged down far too low and will recover. Niger remains a huge concern though. Sometimes my faith waivers and I sucumb to doubt but I guess I am not alone on that score. Here is to better times ahead

In the short to medium term the way Oilers get valued is a fraction of the way they have been valued historically. We have seen rock rose energy sold for less than cash. I guess that unless things change drastically Zengas £2 potential is a very unlikely dream. However 40p is a 5 bagger from here and hopefully if we can get Niger moving that would not be an impossible target within one to 2 years. Looking over a longer term horizon say 5 years who knows maybe zengas will be proved right in the end.

They hide big buy and big sell orders in the background to mislead. Also they can walk things up and down against the trentd to suit their agenda at any particular time. Drop suddenly to pick up stop losses and then walk back up quickly for a profit. It's their day job not a game and they own the book a d are dam good at what they do.

With technical viability and limited upside of WN assets. That's what Deltic have said. I think that they should state why. Unsubstantiated statements are no good to anyone. I previously stated that I believe WN has significant risk but think that this RNS statement has no value without a justification as to why they hold that view.