So looks like the wait goes on... Good that they told us upfront, just hope they stick to it and they have spare parts for breakages.
Those that go round instantly accusing others of shorting have a low iq and up to no good.
Just writing positives without facing facts is damn well dangerous. Some on here want the company to do well and rerate accordingly, whilst traders just want to dupe others to pump the price up and sell.
Now of course im very positive overall on the prospect, less so about the bod given previous encounters. Im now of the opinion wait and see as words carry little. Action and oil.
No chance. Keep it real, its not going to multi bag without serious news. Best hope is starting bid of 5p.
Dont see how when you posted the same first thing?
Alan says how it is. This doesnt work for some who want an instant trade and run, so attack anyone not supporting a whizzy whizz bang bang.
That said nice to see it rising.
The company hope for £100m mcap. Lets hope the numbers back it up shortly
Nope just sniffing a pump and dump thats all. Have a hundred percent record on that. Lets see if it continues.
Andy, I would be very careful given your recent rmp ramps...
1. There should be no need for placing
2. Permission and rig still have to be done. Given paperwork isnt a strong point, and the fact they have consistently underestimated permission, I would say 3-6 weeks. You then have to find a rig available to book it (you cant book when you dont know when). So I think May seems a good guess unless anything concrete comes along
3. Train hasnt left station
4. Comms help sentiment - however the market still has them as a bunch of incompetent liars so will need to deliver what they say for that to change
5. Volume isnt massive so not sure why people assume placing flippers done.
6. If they fix (and regardless of its easy, nothing ever is) then I would still expect a monster rise.
Hope that helps.
If an expert gives you experience of what happens in the oil industry, dont then assume they want the share price down. It is quite worrying that some go straight on the defensive when faced with facts.
To date I cant find any plan submitted. Please correct me if you can find a link.
I cant find relevant permissions given by council.
The fact they are discussing a rig doesnt mean anything until the above has been completed. Now from our own experience of previous we know it has taken weeks and months to get these so as a reasoned guess that should be your timeframe. And this is someone who was told by the bod that they would be producing from kimmeridge 2 years ago.
The only thing that will raise the sp is oil out of ground and registered flows by oga (people seem to have forgotten the flows at lidsey stated by an interview by vonk never happened).
I think the wording has been clever.
No mention of plans being submitted or permission granted. Tail will wag when that comes through. Id say still weeks off. However good price
No offence, but no wonder the market is broken when "experts" cant read the rns. It clearly stated commercial oil found albeit at lower end. Commercial. It is commercial. Ie they will make a profit. How big we dont know, but people claiming non commercial are either ******ed or playing games. That said im not expecting anything decent but boy would I love it to be.
Did you buy expecting a dead cat bounce and it didnt come?
Preliminary review of the interval by the operator suggests that the zone in which the shows were encountered is at the lower end of the range required for commerciality; however, further petrophysical analysis is necessary Dont be a shit stirring. They have stated lower end of commercial but still commercial.
No one is ramping?
Main targets have been drilled...?
I read it as a positive. Problem is sentiment is non existent and under radar. Can turn in a flash but need something fundamental. It is now March after all.
Can I ask where toruk wad successful?
Im in no doubt it will be down tomorrow. I just had to read the rns.
But now we have to consider... will they actually get to the oil? There are no guarantees and the way they have behaved means few people will want to help them. In 20 years ive NEVER seen such a shit show.
I also think it might be worth taking a legal viewpoint - have they broken the law in their behaviour? Its certainly no where near the ipo.
And for those that say "anyone saying a bad thing is a deramper" stop being stupid. Wake up smell the coffee. You need to vent frustration to the bod once they get back from holiday.