The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
....are investors selling to invest elsewhere?
...hope it's not insider knowledge leaking on results.
Still holding at average above 4.5p
Cant afford to let the loss get too wide though as I'm over 30% down.
Hope we see end of day buying like yesterday.
Hi Bamps
So good to speak with someone of knowledge of what's going on.
My synopsis;
1. Drill isn't commercially viable = 2.25p sp
2. Zones already encountered are commercial = 6.5p+ sp
3. Deeper zones hit or Venezuelan fields pierced =12p+ sp
Just random figures pulled from the air going on my experiences with Trinidad and LGO
Keep posting Bamps.
Chesh - Thanks.
I was a great investor in LGO. I often spoke with David Lenigas
This drill is located on the edge of major Venezualan oil fields. LGO always promised to drill it.
I've been looking forward to it for a number of years. See link below;
http://large.stanford.edu/courses/2013/ph240/salehi1/
Now look for Trinidad. We are drilling on the Peninsula.
If our drill catches the Venezulan fields it could be massive. Just saying.
Go to google
...some actual info about the testing in progress instead of bickering?
They have extended the size of the drill bit and found oil bearing formations.
Remember this drill is on the edge of the Venezuelan oil fields.
If CERP gets it right the outcome could yet be massive.
They wouldn't waste money on casing the hole if the results were in doubt.
Plus the RNS talks about the problems of pressure.
Only good news on all counts. Confirmation its commercial will be 8p territory but remember this well is on the cusp of the great Venezuelan oil fields. Could end up being massive news here.
...makes me optimistic.
And yes Mr Wierdo this can make 44p from 4p.
Brokers note 90p and gas production within weeks leading to massive income streams.
We may well spike tomorrow but give patience and wait until gas flows for the real returns.