Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I highly doubt people that have been here a while are selling because of opinions put forth on this board. Most people realize this is conjecture and not 100% fact or at least they should. Who knows why the share price does what it does, but i believe alot has to do with the uncertainty of what lies ahead for this company. And as far as believing what this company is now saying and its plan, well lets just say they haven't followed through on quite a few things they told us they were doing and balance has pointed these out.
I do find it a bit odd that the timing of this pr for growth, perfectly coincides with possible drilling results which i'm sure they have in hand, and the fact that as someone else pointed out that this was a pr about something their still looking in to, not something they have done! With few key details i might add. When they were looking into certain investments back before the economy took a dump did they bother to inform us about it in the form of a pr. I don't think so! Maybe reading to much into this but these are my thoughts.
balance, i agree with many of the points you've made about the selling of this company, either they are'nt to good at following through with things they've told us or the plan to sell was the only plan. However if a deal is done or close to being done based on good drilling results, why bother trying to bluff us or anyone with the plans of growth. I think most of the shareholders,( not all) but most would be willing to let go for something in the range of what you've spoke of. The only reason i can think of is that snp is not willing to give offer what he wants therefore forcing us to move forward rather than wait on production from the jdz which we know is light years away. just curious as to your take here. thanks
doubleaa, is this news coming speculation or from some sort of source. thanks
What i really would like to know is how they plan to fund any such project. Hopefully it's because of the recent drilling being successful, thus providing some form of leverage to make this possible. But I wonder why this part of the plan was left out completely.
how long would it take to bring one of these marginal fields to production, thus generating some revenue? thanks for any input.
Balance, i do agree with alot of the dots that you've connected, maybe not all of it, but you've made some very strong arguments to support your position. So mark, after yesterdays pr what is your position on where this company is headed? I know you supposedly have a good idea based on your contacts. I'm not asking for exacts as i know you can't reveal certain things, but just a vague description of what your feelings are, if you can! thanks and thank you balance for your contibutions.
yes, i am a little concerned. But at this point not alot we can do but sit and wait and hope things come out in our favor. And yes this waiting really blows!
For the posters that seem to think something positive may happen before thanksgiving, what is your feeling now that there is only a few days left. just curious! thanks
I truely believe it should as many here think, whether it will is a different story! And that is providing we get straight forward, detailed info of what we have. You know the kind of info that even a caveman can understand! If we get some pr about needing to do more analysis then i think the wait will continue.
people have the right to be discouraged and to voice their discontent with the stock performance. you don't know what this stock will do, just as the rest of us that have been here for years. I don't think their is one long here that thought we would still be at .55 at this exciting stage in this company's history. Some people keep saying how undervalued we are and have been for sometime, i just wonder if we will remain undervalued somehow even if they have struck oil. No one knows for sure what the hell this thing is gonna do and its gotten real frustrating to say the least!
I have to agree with you, and it seems everyone is hanging their hat on the drilling results for the long awaited share price appreciation. And if they give a nice positive summary of what they found i agree it should do something positive for the share price. But i am a little concerned that they may be vague about results, or tell us more drilling and analysis needs to be done before they really know what we have. If this turns out to be the case and their is no deal in the works the share price will continue to spin at a level that many of us are a little surprised to be at. It is certainly disappointing to be sitting at .55 at this stage in the drilling campaign. We have all waited a long time for this event to occur and it does seem a little odd that we've drifted back down to this level, especially with the supposed positive tidbits we've heard! Hopefully the tide changes soon.
yea, that's all fine and well as long as you don't give a crap about a return on your investment. sorry but i've been here a long time, probably as long as you and i want to see some enhanced shareholder value as we were promised a while back. And at this point i don't care how they do it, just do it! everything hinges on this drilling campaign and if it doesn't turnout like we're all hoping, then what! another 2 years of waiting to see what our partners next move will be or what EO decides to do! Personally that doesn't sound to appealing to me.
So in what way exactly are you seeing this as a significant piece of wording.
so when might the lease be approved, any idea. thanks
thats what worry's me a bit, we don't know exactly what this company and seo is thinking. we don't know what is going to happen after this drilling campaign is done, and if they choose to be rather vague with the findings, and there is no deal in the works, we may very well be sitting here waiting for a while longer and i don't think many of the long timers are in the mood to wait to much longer for a little return on our investment!
yes, for this to be such an exciting time in this company's history, the trading sure has gotten boring. so somebody morgage the house and max out those credit cards and get this thing going again!
balance, why do you think we are within days of something happening. anything other than the fact that most of us are more than ready! thanks
mark, i thought the jda was going to release some of this info in a pr. or that's what they told you several weeks ago! did you happen to ask what happened to that.
Mark, are you still trying to get a jda update or did i misunderstand your post from yesterday. thanks
will we gain enough information from these 5 wells to know if we have commercial oil or not, and an idea of how much. Or is it gonna be a situation where they say we need to do more drilling before we can determine what we have. I'm just not sure what to expect from this drilling campaign! Any input is appreciated.
so in your opinion will they have a good idea after this round of drilling is completed and analyzed, or are you saying a lot more drilling needs to be done before we really know anything.
I have to agree 100% with you on this one. If the results are good, i just don't see how keeping things quiet benefits us at all, maybe somehow benefits the other players here, but not us!
mark, so where's that pr from the jda.
exactly, and anything less will not help the share price one bit, unless of course their is some sort of deal in the works. I sure hope they have some kind of plan after this drilling wraps up, because i'm not in the mood to wait another 2 years for another attempt to break a $1.00.
amj23, a while back you said you knew that kina was a huge success based on what you had heard from a source. Do you have any specifics you can share. we're all gettin tired. tia
pup, can you shed any extra light on the drilling so far. thanks
in marks last update he said to look for a pr this week from the jda!
Does anyone think the jda will actually update us, despite what they told mark it seems as though we've been down this road before, expecting them to pr something and it never comes to pass. I truely appreciate marks efforts and this is not a stab at him, i'm just not so sure about some of the info the jda has given him. Also is anyone a bit surprised that barry morgan hasn't written much lately, he was pretty good at sniffen stuff out and writing about it during the psc days and now that we're drilling it seems like he could give a rats as! I know he's probably very busy but he had time for us before. so if anyone has contact with him ask him if he can throw us bone.
BB, what are your thoughts on a declining share price even though the rumors of kina being a huge find. Just curious.
I agree with that! And thanks for the tidbit. like i said before i really hope your right.
so your saying you have heard this as fact, not just speculation on your part. I hope you are correct. I've been here as long as many of you have and would like nothing more than to see this in print.
where does it say that kina was a huge find, you're posting it as a fact and at this point do we really know that, i don't think so! unless of coarse you got information the rest of didn't.
well said, I'm really starting to feel this way as well. I have been here a long time mostly just reading and waiting, and the fact is, given the way this stock has performed up to this point, I think anything less than a pr stating a billion barrel find won't get this thing moving. a little frustrated!
fishdog, have you heard anything on the kina well.
as far as drilling results go, what's the general feeling out there as to whether or not we'll be privy to the info. via a pr from one of the companies involved. I'm not to confident waiting for the jda to pr anything, seems like their quoted alot, but don't recall them putting to many releases out themselves. If the addax deal is completed before any real results are known from block 4 what are the odds that we'll here those results, or will we have to just go on rumors. I'm a long tired shareholder here like so many of you, and i was just wondering.
no,actually i meant it to be a question to mark, i realized after i posted, it didn't come out that way. so mark if your out there and you feel like responding to the question of are you still hearing things for possibly next week i'd much appreciate it. i've been here a long time myself but have never posted. thanks
mark,still hearing good things for next week! thanks for all your efforts.