Yep, oil seeps at Gemsbok PEL29, seen from satellite, "Sleeping giant" sums it up nicely,....with the unfinished(2014 well, that never reached, the deep target) , Welwitschia Deep PEL94,....even in this depressed oil market, no temptation to sell here, at GBP, for myself.
I also believe, in spreading investments, over several asset classes,.... a portfolio of shares, being one of them, I'm not over exposed, here at EOG, just deep underwater at present, waiting to average down,.....with half the world in lock down, I'm in no rush, to commit more Funds, to the oil sector.
RE: those of you who go back years to when24 Apr 2020 15:03
Hi sage, I was holding Aricom PLC back in 2008, had lost a small fortune in RBS, which I sold at a huge loss & put all those decimated proceeds, into Aricom PLC at around 8p to 10p per share,....that was a good move, getting all of my RBS losses back, plus a small profit, on the Funds, I had originally invested in RBS.
I know the feeling, I put myself, in self imposed quarantine, for a fourteen day period, on 14/03/2020, in our Lincolnshire property (had been working, on our business properties, up North),.....I'm on route to my wife, who is in Kent, looking after her mother,...got trapped here, by lock down (lawns, have never looked so good),....dropped my wife off at her mothers on 22/02/2020, before going up North,....we have been together for 45 years (I'm 72 years of age),...getting pretty lonely now, in solitary confinement, normally the max time we are apart, is 8 to 10 days.
Yep, job to sit on hands, with so much spare time,...agree with you on EOG, just a matter of picking the right moment in time, to average down (imo)
Agree Copper3,....the next two months, does not look good, for the oil sector,....have been holding off, averaging down here at EOG (so still deep under water, here at EOG), & some of my other oil shareholdings,...the only reason I'm here, is for the flagship Inishkea ( Corrib gas) prospect.
Just started to average down, here at AAOG, myself, irishmouse,.....took all that was on offer at email@example.com, tried to get 840,000, but they wanted a premium for that quantity,.....all I could get at touch, was the 250,000 on offer, so took that amount for now,.....I also still hold ZEN, for the Mengo/Denjo horizons, but not averaging down there yet.
Still holding here at ZEN, myself,.....for Congo asset, initially,....just waiting, to see full effects of lock down's, before increasing, my ZEN shareholding. "US oil prices turn negative as demand dries up" https://www.bbc.co.uk/news/business-52350082