to get some news flow - nice reserve update for 1P. Operational update expected next week. This should start to re rate. '. With 208 drilling locations identified by Management and only 90 locations booked in the report, the team remains conservative on the potential upside of the asset base.." Lot more to come
Been buying at these levels as can only see interest increasing once news flow on the drilling programme is released. In addition to the 10 wells to be drilled there are also looking at 24 recompletions. Average production for the fourth quarter of 2017 was 1,448 bbls/d, therefore as 2018 progresses, we should see these numbers increase significantly. The company is, by nature, somewhat conservative in its approach to news flow, a situation they could improve upon imo. An operational update would be welcome in regard to current progress and the second rig/spud. Reserves should also increase and be updated.
report cant be far off.
stacking up, next few weeks things should get very interesting.
good for a rise next week after all the delayed trades last couple of days. Warrants looked to have gone.
that's a fait accompli given main shareholders holding.
Yep could sense it was on the cards. Cornerstone investor North Energy Capital have taken just over 7m upping their share to just under 10% of the company so cant see them selling. So roughly 18mil to possibly churn. Would have bee nice for existing share holders to be offered an opportunity to participate rather than a private placing.
Had a period of consolidation, should see some upwards movement this week with one eye on 3rd quarter update on 13/11. Nice 8 min presentation from the 121 Oil and Gas - succinctly outlines the company's current position and strategy going forward - the r0lling rig to be utilised extensively in 2018. Think they will quickly achieve and exceed their aim of 2000 bopd early in 2018.
yep a forward looking update would be good and perhaps touch on current performance in 4th Quarter.
Keep adding as a LTH as I see 2018 being the much used word - transformational = Ultradex in Q1 or 2 will be most illuminating. Don't think the market has tuned into what is occurring here. A recognised proven UK product ( under marketed) being rolled out in major EU and Nordic countries. US licence as well. That's is amongst other lines and products.
surprise given the known cash position and price action of recent. Nice to get more detail what the intend to use the funds for. Interesting AB still bought in.
My understanding is that the four wells drilled earlier this year will have reached stable production and I fully expect a slight increase to around the 1600 bopd mark, an increase in revenue from a combination of the higher prices and lower opex as more wells come on line. He did say the 12 November for the 3rd quarter update but this is a Sunday so either just before or just after. It has to be filed with Sedar which is always worth keeping an eye on for the timings of the releases. Expect full corporate update as well to include drilling operations. Recompletions are on a continuous rolling cycle. Great little share this and should be much higher in 2018.
Yes, I get the feeling they are adopting a forthright strategy to achieve their stated targets in a quick time frame as reasonable. This should be a interesting 12 months going forward. Next update is much anticipated.
Paid
to hold, news will propel it forward.
Interesting period in the company's development. Broken out of the IPO range and seller(s) most probably out, reasonable profit taking/de risking concluding against a backdrop of news/forward vision be the company. Little bit of trading on the back of the 3rd quarter results around mid November maybe somewhat misplaced as an RNS on the future operations could land in the interim. Content to watch and see how the company develops and fully expect the SP to be many multiples of the current SP in a years time.
Excellent webinar. CEO answered all questions in depth. Looks really great going forward into 2018 when the numbers will speak volumes.
Yep almost gone. Update on 3 quarter and investors presentation - could get very interesting.
Yep proven oil men with drive and determination, plenty of scope for increase. Wouldn't bet against the company's strapline intention of 'being the largest onshore producer in Trinidad'. Suspect the company will be eager to build on recent interest.
750k sell from the 11/10. City down to 1.75mil. Be gone in a week or so.