Member Info for workover

He states in his post signs of gas in upper ... whatever that means

I’ll go and sell my 1992 Vauxhall cavalier and lump it on char lol

Took a smallish holding at £0.9 and will add in a few weeks ! Hopefully at a higher price Good luck all

I’m in ! Too good a price not to take ! Company growing rapidly and generating amazing profits ! £2 initial target !

Yes that was my thought also ! I recon Joseph J is the man !

Yes indeed surprisingly low !

I think it is because there are a number of other ongoing AIM oilies drilling or expecting news ! If it comes soon the. I think we’ll see more money flooding here !

Yes looking pretty solid over the past week or so ! Even the chart is starting to improve! Soon you’ll get all the people who trade purely on technicals junping back in again

What about the murky legal cloud ! I sold a hefty chunk yesterday because of the production issues but then when you add the legal issues and other Egypt factors it may fall more

Yep me and you both Gooner!

Once bitten , twice shy !

Putting tens of thousands of pounds on a drill which is a binary bet is like going to a casino and sticking that money on red !

I’ll leave a few grand “just in case”

TSCO is a little left field lol ... I also have some none oilies to balance the risk..

Cuzo They are moving some seats and people to Asia not cancelling the listing!!

Lol seven ! Me and you are almost identical in our investments OPHR SIA CEY ETC ! I bought Centamin 2 weeks but sold earlier today at 99p for a small profit ! I will buy back in because I don’t think the results are as bad as the market’s reaction ... PS: I’m also in SQZ FPM TRIN JOG KAZ among others

Thanks Seven ! I’m overweight on the oil sector at the moment and will probably have to sell a company before I can add a new one (to avoid sector risk)! I’ve actually had SAVP on my watch list but have never fully researched it ! I thought it might be a good idea to look at it near year end when they are nearer to the EPS and production! I like the fact that they talk about paying dividends ! The market cap is fairly high though ... will research further ... Thanks Seven that’s what these boards are about ! Sharing info

Spot on Seven ! RNS just issued confirming completion of sale!

Looks like we’ll be getting another chance to top up in the 16s tomorrow morning! If it hits 16.5 I’ll liquidate a few others to top up here! What a joke of a price ! The presentation was 1st class! A top up at anywhere sub 20 is a bargain !

Hi seven When did he make that quote? I really hope we can get another acquisition to bolster Egypt!

Marmited

I’ll be selling a hell of a lot more than 20% of my holding if we don’t farm out by mid October!!! Lesson learned!!!! I’m not going into the week of results fully cashed up on Chariot ! If there’s a farm out and cash in the bank can support the share price in the event of a dry well, I might keep a large chunk ... if there’s no farmout, I’ll keep a much smaller amount! It’s all about risk management and learning from previous mistakes !

Thanks for the advice though!!!

Lol seven you are absolutely everywhere! You also seem to be quite good at picking bottoms!!! Lol You managed to get into SOCO INTERNATIONAL at the low 80s and OPHR at all time lows Well done !

“Catalyst confirmed that the Plantain exploration well spud at approximately 6:00pm on 24 August 2018 using the Transocean Leader drilling rig. The well is expected to take approximately 28 to 38 days to complete and will be drilled to a depth of 1,845 metres TVDSS. The Plantain well will be followed by a contingent side-track to appraise the discovered Agar field. The total estimated gross cost of well operations is US$15 million. The results will be announced on completion of drilling operations.”

Today is the 38th day!!!

Excellent article Bertie !!

Thanks for posting ! FYI the 6 months period ends on Thursday ! Bid could come any day after that !

I would prefer to have a farmout and reduce the risk! A free carry and a cash in the bank will support the share price in case the well is a duster ! I would rather have 20%-30% of something than 65% of nothing !

Larry said a farmout could happen anytime before the first target is penetrated ! So wake up early for next 2-3 weeks in anticipation...

How long did the Tullow well take ?