I caution about too much expectation. Some llike sharetraders want bang and get the heck out of here. I like it slow and steady with nice build up for a long lasting ending.
i say just chill as ASX closed today take a swim and enjoy the day to tame your expectation.
i hope for a long continuous run to 20c minimum. Lets face it if logs confirm the earlier drill an the flows are great on Alameda and Marti you really got to q
uestion if you really want to sell off so early. I wouuld wait three of these give things first 1) core samples 2) flow rates 3) 1st 5000 barrel oil production 4) McDaniels reports and 5) evidence of institutions .
Remember MAY is priced not to succeed and not been able to moneterise the oil but if we load a tanker that will dispell.
i write this for long termers who may be swayed to sell if this pops up like 2 to 3 cents and sells when once above is confirmed it could go from 10 to 30c.
I write because people like sharetraders wants to pump and exit and to high light thats is the way of day traders not long term investors. I said ill sell at 25 to 30c and that is my strategy for my 75%. Though i may exit 25% at 18c as trading parcel. Once we produce well f
Get to offset 250million spent of past cost and losses, pay low tax for 15 years and get divies for rest of oils life. Block 9 could be 60 year producer.
So look at the flow results not as an end but the beginning. AP has always stated be patient. Once producing a lot of companies will buy us out
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---|---|---|
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9 | 911058 | 0.025 |
10 | 2149035 | 0.024 |
11 | 2487925 | 0.023 |
5 | 1383637 | 0.022 |
Price($) | Vol. | No. |
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0.029 | 294071 | 4 |
0.030 | 1280000 | 6 |
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