Member Info for Wolster

Yeeehh my own thread.

Is it safe to remove the seatbelt & have a wander about, nothing seems to be moving......careful incase I trip over a sleeping ramper.

All that fuss yesturday because some guy deceided to buy a Koov's share, its such a rare event it sent the prices wild.

Just wait for the RNS's to actually drop, in particular with Koov's, as its been ages since positive news flowed out of that organisation.

Either that or be a pure gambler, invest on rumours & rampings your choice.

Maybe, or are they just dumping this sack of crud whilst they can.

Till an RNS is issued I wouldn't trust anything about this share.

Not to mention a 3rd bidder now likely (as invested in our blocks) in G T, for when the end game (say 2yrs away, +OXY & ONGC) sale of the company comes, should help the price in the bidding war nicely.

Could the next successful well kill off any meaningful shorters going forward ?

It is reasonable to think that the next successful well will go along way to proving up the oil lake theory in the minds of any doubters.

Any improvements to the oil lake theory should eventually have a SP multiplier effect on current SP (though probably over a several month timeline).

Therefore from the next well forward surely the potential for shorting the stock in any meaningful way would be reduced (im not saying eliminated as small shorts would still be likely).

Given the potential for the SP growth the potential losses for a large scale shorter must be astronomical & far more risky than backing the stock for a profit ?

Indico-1 oil/water contact points look tasty.

+40ft lower than the 283ft = reserves go to 33mln barrels & deeper goes 70mln to 100mln.

They havent found the water line yet, so there is some potential easy & decently sized reserve increase right there (@30%).

It just all sounds good dont it.

Patience is the only necessary ingrediant now (+ability to ignore MM games).

Price seems to be moving more in line with activity, since the 13.30pm hiccup ?

Shows my mental fatigue atm.

Saw 17.40 flash up, mentally I went FFS (thought I saw 16.40).

Thats another week of impasse then.

What seems to be solid buying (even at fairly low volumes) is matched somewhere with consistent selling & absolutley zero impact on share price.

I am sure someone somewhere is enjoying this, but really there must be a more interesting way to make a living, than bore the shit out of the market.

What a tool you must be.

Jambon lol

"Short-and-distort players clutter message boards, so optimistic information cannot easily be found".

Clearly not a Koov's issue, as they haven't got any positive news.

Given the positive fundimentals here lets try & work out who gains by taking this share down.

The Takeover.

So for arguments sake lets say Rex + a local rival business(with Rex sympathies)+ Rex's friendly Broker mate all join forces.

1) Rex sells into any positive news (on the highs)
2) Rex, Local Rival, Broker friend buys (on the lows)

Rince & repeat, till a larger Rex controlled holding develops without Rex's name on it.

(Feel free to replace Rex with any other local rival business name)

Could this be the pattern we are seeing ?

Just imagine being invested in a share the MM's wanted to go higher - must be a insane.

Going by the power they have to pin this back, if it ever flowed the other way for a change you wouldn't need fundimentals/cash/reserves or nething.

The low ball takeover issue is now my major concern here.

So to my mind the board should be utilising the cash pile to buff the share price, via dividend or buy back.

I appreciate they would under other (higher share price) conditions want to hold onto the cash for use in CPO-5 development etc.. but the low share price must now be a significant worry.

It is also the sting in the tail of all the fun & games they have been having with the Rex debacle. I am sure from a business point of view they, have been making all the right moves (even if very slow at times) but they have also been playing perfectly into the hands of a hostile takeover as well.

I am sure Amerisur do want 2/3 rigs on CPO-5 as well to buff the share price faster, but we arnt in control & sadly one of the potential hostiles would be our 70% indian partners, who would therefore drag there feet.

Other (probably better informed) posters here seem to be minimising this risk, but I carnt quite feel safe from it, whilst the SP is so crap.

Dont get me wrong the SP is still a gift at these levels, but it needs to move up a gear swiftly imo.

Seems quite handy spud.

It'll hopefully show a gusher about mid March, just ready for me to sell some stock & share account stuff at a profit & move it over to the S&S ISA.

Perfect tax efficiency, Martin Lewis will be proud.

Snap. Sadly only my regular monthly funding available atm, but sent it into Amer.

Couldn't see nething better about atm.

Lets face it news carn't be to far away to give us a little pump, think it'll take more than a spud to break that 20p position tho (prolly need a 2nd rig/pipe farm out deal as well).

Anyway not much else to say - hopefully just the calm before the next upwards swell.

Fully agree, ive signed up for a 2 year investment & I would only tie up my overweight capital position if I thought the downward risk is minimal & the final pay out massive( I do on both counts on that timeframe).

All I need are a constant stream of wells in CPO-5 (all other things are gravy) & a share price increase of a couple of pence per well (till the bigger picture develops) to keep me from the sell button.

Its the same pattern as every other none news day, sell in morning buy back in in afternoon.

So I dont see the price moving at all.

In fact the pattern is becoming that well worn, its hardly worth doing it these days, as the share price hardly moves & the spread swallows profits.

New news will be required to push up, so switch off the PC & forget this till next week imo.

I agree.

To push the SP on.

I want to see is U/T Sands added to reserves, a pipeline farmout agreement completed, new rigs(hopefully 3 but at least 2) moving towards CPO-5 & new spuds in CPO-5.

As it stands these are all still in the planning phases which is not quite doing it for the share price.

But with a little patience (& ive booked 2 years down to the Amerisur Zero to Hero project) all sounds good.

Dont forget this RNS couldve been the last big(ish) negative, & i dont think it is - so happy days.

@TigerWelsh

I dont think you will get a sharp rise, but even if you did you would get just as sharp a fall.

The markets today are not like 2017 & are full of recession chat this & that.

Presume instead a steady +2p to 5p per successfull well, with a sharp rise on takeover talk imo.

I think we are all understanding this is a 2 year play at least for us all to become minted.

Therefore the share movements (which have historically never been in line with the assets) over one RNS are unlikely to be dramatic, we have already double bagged since 9.5p.

So lets all calm down & enjoy the ride.

Dig in & await the next well imo....if that lake theory gets more wells proving it up no oil company will be competing with us in 2019 for growth in share price.

TBH as long as they put the U & T Sands onto the reserves & start getting income from the pipe farm out deal (so at least the pipe is fully utilised) then for me sending whatever odds & sods out of the pipeline that they can scrape up aint to bad.

Those things alone ought to be worth a couuple of pence on the share price & provide some cash for use in developments as necessary.

We should be all guns blazing for CPO-5 & ensuring that new rig gets on there, we need that value added onto the share price as fast as possible (value isnt coming onto the share price from workin over old fields to improve production imo - just let it dribble out for abit) to avoid / put off hostile takeovers which are way to early in the development of the CPO 5 for us shareholders to get some value out.