on Monday then
These three new drills will cost another £5m to drill.Put this on to other commitments and theyll be raising again pre drill.This company is going to be £40m mcap at 0.7p before they even spud anything.All tiny little drills,1 million barrels here and there.Really do not see the appeal.When they actually going to deliver a drill?
extended reach drilling is extremely costly and also risky,because extended reach drilling wells are very long, uncertainties are cumulative very often add up to significant errors.Would locals really accept such a high risk approach?Remember any oil spillages near to one of the biggest tourist spots in the area and its goodnight vienna.The logistics of it all mean that the chances of production given its location are with a big headwind.
Seems like a totally flawed business model.Invest in asses that cannot or will not be developed.They have achieved their goal though using the Colter story on getting a �8m raise away ahead of the inevitable failure of actually ever drilling it.Call me what you like,its just an opinion that I offer.Why so defensive?Yet to see any answers to my questions.I call many of these twitteratti led hype jobs correctly and in doing so save many from losing their money.Rampers are more harmful to people looking to invest.
All the twitaratti here have mysteriously vanished from its hay day.Rinse and repeat move on to the next.I post on here to save people from being conned but never ever get any thanks for it.No doubt one day theyll be back selling the next empty story.
I posted here in January back when SP was 2p+ warning people about the twitaratti ramping going on here and the huge overvaluation,hopefully I saved a few from big losses.Amazing how I was villainised at the time.I dont know how some people sleep at night.
Twitteratti pushing this hard and desperate as they know Colter isnt happening this side of the summer and need to flip out.
here back when over 2p that this is just one big twiteratti fugazi.The stuff is far too deep to ever mine commercially. Pure rinse repeat/lifestyle job.
http://www.bournemouthecho.co.uk/news/16032228.Here__39_s_what_the_planned_Studland_oil_rig_could_look_like_from_Bournemouth/#comments-anchor Do you really think this is likely to spud mid April?If not then its not going to be drilling H1 as its not allowed to drill during tourist season,45day drill means mid April at the latest to miss June/July/August tourist season. If not spud by mid April then itll be September
Tiny NPV here, about same as the current SRSP valuation,so its already fully priced in,but whats worse than that here though; there is strong word that they are struggling to renew their licence on the same terms as before hence the reason why they arent drilling yet.could end up a very messy situation.
All over this share,smallest NPV drill on AIM already fully priced in.Has it not dawned on people why they have not spudded this well yet??Ill give some clues over the next few days but it is not looking pretty here.
The main man here losing faith and wanting to persue his other interests.
followed by red finish here.Nothing new.
?? They need a big raise before they drill their intended well in the second half of this year as currently it isn't funded I see no point in jumping the gun being in here until then
no mention of farm in and tiny COS. expect this to steadily go back to 2p zone.BOD here will sit on this for another 12 months no doubt.Nothing actually new here.
"Mr Market also knew that Urals has stacks of production, so why was the valuation of Urals less than �10 million? It's no joke when I say that Urals reported gross output of almost 2000BOPD in its last results and profits higher. Is the market an idiot and has the market been missing this spectacular opportunity!?! Of course not. Urals is an opaque Russian business that has very poor shareholder communications, it has a Russian set of directors at the top of the pile, has a big shareholder owning almost 50% of the equity and has been involved in NUMEROUS court cases with big sums of money outstanding. Outstanding! Retail punters have been drawn in by speculation. Urals is obscenely high risk from every angle"
doesnt look good
Churn inevitable given everyone here is sitting on substantial profits.Still very undervalued and will move in its own time.
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Easy money