Member Info for WaffenBurret

Selling dreams is big business these days in the land of punt.

Until we get genuine clarity about equipment, shortages, availability, pricing and logistics,

There is little of substance to invest in here. Other than dreams.

I might add to my reduced holding (sold down August & September), if the price drops to a more reasonable risk level to reflect the actual facts.

But then again: Don’t lose money. Avoid tricksters. Better investments around I feel.

WB.

“Who knows ?”

Answer: No one.

Stop dreaming…..

As you say, Real world, remember?

None of this Shell, Bp, Exon, etc, queuing up.

Could be.

Facts official pls.

…if you believe the Weasley wording of these RNS releases, then fine.

However, citing KeithOz, “ The previous Sandjet programme was scheduled to start and finish in September ”.

Well, it didn’t even start, let alone etc.

And yet the Aug30 RNS, which at best was bungled annd hurried, and worst, a wiki-weasel, was further confused by an announcement that operations were unaffected by the earthquake.

As it turned out, moooooooot. And now, still no clarity on where we are.

We have no idea whether testing has begun. You can quote the weasel RNSs as much as you wish.

It wouldn’t cost much to clarify with a short update. They owe it to us P.Is. Not just a few traders.

It’s a joke.

It happens with every valuable share.

Constant dips - it’s tortuous.

After which many PIs get out at the first opportunity.

Aggravated by traders and gnats.

Then miss the big one which comes, eventually.

It IS coming. World events and all.

T’is only half the sentence you have quoted Stas20.

Very unsporting if I may say.

To sum up; 2’s as a base for further progress and not in a straight line.

The longer we wait in the doldrums, the higher this will eventually go - according to quant theory of classical bs.

I predict, yes only a prediction, that we will be back in the twos soon, before anticipation of improving production results will drive this up further, notwithstanding dilution, and this current boiler room salvo will be history for a while. I know what I’m talking about. I’ve done the psychological maths.

WB.

Pain management unit.

Perhaps the company doesn’t care to give short updates for the benefit of mosquitoes looking for casual six. Maybe better to move away from your device and talk to nice people. Who knows, you might be pleasantly surprised when you return at length.

Is this a good thing - Worth ticking up?

“ You shouldn't believe everything posted on here “

You shouldn’t believe ANYTHING posted on here.

People who want to make money, I suspect.

As with many small cap shares, there is plenty of short-term money propping up prices.

I believe that has happened here.

The longer the silence, the lower the price will drift as short term money looks for other possible winners or sits on the sidelines.

Imo, it’s still too soon to consider topping up.

I often used to make the mistake of jumping in too early due, in part, to believing the rumour mill.

“Implemention” of flow-testing cannot be happening. There would need to be a further announcement — according to BOD.

A lower price can be achieved here simply by waiting for news of the “adjusted” (delayed) schedule as per RNS Aug30 and RNS Sept19..

I’m not wishing to deramp, more trying to “anti-ramp” and keep risk in perspective.

There’s a middle ground to be had here: Kieth has posted some useful info over recent months and have ticked him up when appropriate. Thanks Keith.

But I believe he is wrong to think there is any deal in the offing in the near future.

I feel it right only to remind people of the most likely reason for the weakening share price:

“The adjusted schedule for delivery of the Sandjet equipment is currently being put together by ECS and a further announcement will be made when this is finalised..” (RNS 30Aug).

We are still awaiting an announcement which must precede commencement of the all important flow-testing.

Until then, we have no way of valuing this company.

Looking forward to the abuse from little Pumpers and PG tipsters while continuing to keep powder dry.

GLA.

Bit of a guessing game going on here, with just a smattering of negative bias most of the day lol.

Until the official RNS is out, we don’t know how many days in August the wells were producing do we?

Have added a few on the dip as I’m sure a few commentators here have.

Waiting for, rather than preempting, news. Be greedy when others are fearful.

Tmhsdx6:

Not true. Learn to read.

Rule 1.

When losing the debate and with nothing to say. Attack the opponent and distract from the point being discussed.

…as many are doing for the forthcoming RNS annoucing an update for ‘adjusted equipment delivery schedule’.

Apparently there could also be some sort of deal announced according to one or two here.

Mind the gap. (Up or down?)

Bonne chance mes amis!

AIMO DYOR GLA.

For what it’s worth I too have been here for a few years now.

“ Would I prefer it if the testing has started or even finished? Of course but it's not something to cry about if it's been delayed ”

Shagged, thanks for your earnest response.

I agree with that. I if/when a delay is announced I will not be crying as I have reduced my holding until clarity arrives.

If/when the sp settles lower I will then top up again. Exploration is a long, long haul and expectations must be managed.

“ however long it takes”

Not sure about that I wouldn’t want to get stuck like Buridan’s Donkey.

All best.

WB.

*silverfoil13,

And, Silverfoil6, do you concede that the RNS also states:

“ The adjusted schedule for delivery of the Sandjet equipment is currently being put together by ECS and a further announcement will be made when this is finalised”.

Furthermore, the RNS of Sept19th states:

“Rigless testing programme being planned using ECS Sandjet perforating tool.”

Which I read as still being in the planning stage.

A little vague. Perhaps for good reason.

Hopefully we will hear something more concrete, more defined, on flow-testing schedule come Monday.