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We seem to have a persist 100k seller. Possibly a placing holder selling for the tiny profit it gives above 10. Just as well we have the big buyer mopping it up. News Monday is my guess so usual riotous trading on Friday? I don't want to be out over the weekend, all signs point to interesting news.
Loose it as it would be a different company running the well.
It frustrates me all these big buys, as much as im pleased it mops up sells from weaker hands, are those big buys taking a punt like the rest of us, or do they actually know something we don't and piling in slowly. Perhaps they have the ear of sefton, or someone on the drill site. Aim is so unfair but follow the money.
Baptist is full of rubbish, do not believe him.
Pretty surr Jean Baptist is full of crap, dont pay it too much attention.
Exactly Irishmouse, can't bring a duster into production, which is exactly what will happen even if djeno isn't ideal at this location.
Multiple Wells in mengo is good enough if djeno dry, and with 4-6 Wells off the same pad which wouldn't cost too much if just going to mengo, would soon get those production rates up. 2000+ bopd in short order. If djengo dry its not the end of the world, although im sure some will PANIC!
They won't be in the zone yet, late next week interview said, all panic over nothing. Won't be an rns on Monday either way.
Mengo will very likley flow. Really underpinns the shareprice. Djeno soon!
Massive Fomo kicking in or some well deseved good news coming?
Broker they have dropped that to 32 after the placing I believe, however this is only on information they have so far and we havn't flow tested anything yet or hit djeno so expect that figure to rise.
Cheers bonker, understood, I guess you need l2 to have that info?
Ahh Cheers orangutan, not something I do but your probably correct.
Here here tiptop. We research and invest in the story. results count, all else is noise and results so far are very encouraging.
Jimzi, Sb positions? Not familiar with that and Google not helping, whats Sb positions? Anyone?
Was wondering when the next news could be, couple of pics from the drill would be something to move the conversation on and show management are happy and confident in their decision, rather the appearance of crawling back under a rock. Turbulence for the next week or so between 9 and 11 then start moving to 14 towards the end of the month. I am confident what we have already umderpinns the shareprice and if we sold tomorrow we would be quids in.
Oil is found already and it will flow I have no doubt about that, the quantity of oil suggests to me a charge from deeper down so I am confident of more. We will see. Company is run badly but in 1 years time those still invested will be much better off. Just got to try and ignore the bs until then, not easy I admit!
Has anyone here been in communication with ds to the point that they can suggest a conference call or webchat with investors to clear the air. We have alot of questions to be answered.
Im amazed people are selling, this has been coming for days now.
Theres no conspiracy of pump and dumpers, this remains a good investment with the current share price especially. Once placing is done we are good to go to production I expect and then the business is cash generative which can be invested into further Wells. Licence news would be good in the next week to give a little boost into djeno targeting Hugh oil.