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Sentiment is the reality. The market runs on sentiment.

There must be lots of cash out there just waiting for a good news stock. Let it be ORCP. The money is waiting to invest. If it isn't Coronavirus it'll be something else. Oil or something. There's never the perfect time, except for the company itself.

My understanding is the funding is coming from Chinese banks. They are controlled by the Chinese state and the Chinese state just needs a political decision to release that money.

Current spread 0.75p to 0.8p. So 0.8p would be buys.

Looks like the MMs are keeping the SP down to take advantage of the general pessimism in the market.

Thanks. ORCP needs as much good publicity as possible currently.

Can you post a link to the tweet?

It's frankly frustrating to see this drop like this. ORCP has little to do with oil currently. ORCP is generally clear of the Coronavirrus although the corridor connects to south west China which is less effected than other parts of China and China is improving with the virus generally. General contagion with the rest of the market seems to be the reason.

Surely PMO should refer to 88E in their RNS? It's common courtesy and , I would have thought, needed in an RNS for accuracy. RNSes are supposed to be an accurate reflection of what is happening.

What's that got to do with my point welshy?

So PMO say: "Premier plans to flow test the well with the results expected in April."

I thought PMO were just financing the drill with 88E operating it? Have I misunderstood? If 88E were operating then 88E would flow test it and not PMO.

Further to that there is no mention of 88E in that piece. It's all about PMO with no reference to 88E.

Deja vu?

Err ... funded by PMO?

As the rig has arrived I can only assume any delay on an RNS for spud is due to preparatory work needed before spud. It is very cold there.

I don't think even DW could have predicted the current carnage. It was lucky he did it then. It wasn't forward thinking other than to need the cash.

Can't really understand this stock market exodus quite frankly. Unless a stock is directly related to coronavirus by China trade or other. 88E is well away from all that.

Past performance is not an indicator of future performance eh? Maybe, but the past is all we have to go on. Winx, Icewine 2, all were looked forward to with optimism. All we got was bitumen. Let's all hope PMO have a better result with the BP investigated strata at Charlie 1. Some here however have seen 'hope' far too often. Third time lucky eh? And all that guff?

Yet to happen bigpat. Great if and when it does. Until then the SP tells the story.

So we're producing oil now are we jiddy? No. Therefore it was a comercial duster. Black is not white.

Optimism is fine. Changing the historical facts is not.

The Icewine drill did not produce commercial oil. That makes it, commercially, a duster. The resulting closing of the drilled well and fall in the SP is evidenced of that. If they reopen it later and use the data for future information then fine, but it did not happen at the time. Stop trying to change the facts. We lost money on the subsequent fall in the SP.