Member Info for Thunder2040

Jethro 1 spud 4th July - drill result 12th August - depth 4,400m - 39 days or imputed 112.8m/day
Joe 1 spud 25th August - drill result 16th September - depth 2,175m - 22 days or imputed 98.9m/day

Carapa 1 was supposed to finish late November - so what is going on!?

Rumour on twitter re: Carapa. Hopefully has some truth...I tend to agree that if this were a duster why the delay....long time since spud now?

This has bounced as much as a brick the last two major drops, I would not hold your breathe anymore.

I agree. How this went from 200p being recommended to PIs by brokers to this today is actually illegal! I will take this as an expensive lesson, if it means I don't lose any more money on the stock market ever again then it will likely actually be worth it.

In the future my money goes in the bank - been trading for a few years and the general pattern seems to be that PI's get shafted and crap management get rewarded. This was the last staw for me. I am man enough to take it on the chin but I walk away now.

Lot circa 50% of a punt this morning at 72p - could not hold into close, time for a break from share trading!

Nickel I think you should try and be more understanding, losing money sucks and we don't always need someone to rub it in

I feel like MRD just had his Kevin Keegan moment...'We're still fighting for this title'

In fairness I got stung with my entry today so also feeling large paid, but the maths on this says it must go higher, just how long it takes I guess. The algo's will be hammering it because of all the headlines IMO

70% drop - basically more a matter for the fraud squad than anything else

What makes no sense to me is the debt has been far higher and it wasn't punished like this with lower oil prices...seems bizarre that no one sniffs any value here

This is starting to look like what the market thinks...literally zero support

FV for this is over £1 still, market is over reacting to this

In at 70p...must be mad haha

Sounds like some twitchy shorts on here tonight. Oil going on a bull run, RNS landing anytime with potentially transformational guidance data. Once its reaffirmed that Lancaster is producing as expected this is going back over 40p fast so enjoy your weekend guys.

I see a bounce to 36p on the charts

Long term holder with 3 posts, pull the other one. Water cut is irrelevant if the production guidance is reaffirmed. Had all this b*llucks over at enquest earlier in the year - its total tosh

Losing 30% of market cap on that RNS doesnt seem right. Not sure what you think is going on in the background - would be interested to know. Surely the share price didnt stay elevated 40p + based on that set of 3 drills alone? This is a producing company with projected free cashflow far greater than price implies...and those drills were fully carried, so anyone scare mongering about cash calls or water cuts is short....simple as that. Someone else who is long shout if they think I am wrong here

Lets not over conplicate...if production guidance is accurate this is stupidly priced and way too low. Either being shorted to push out all the leveraged PIs or market doubts production in which case board are lying.

Rule no. 1 - Don't trust oil men. Especially not if this has a 15% chance of a bounce or 85% of further fall. Maths says leave it

Risk factors that I see driving this higher are China vs USA deal delay, UK election (always does well as a risk hedge) and impeachment. Expecting a lovely happy Christmas obviously haha