fishing operations resume, page-8

Here's a great post from this UK site.

http://www.iii.co.uk/investment/detail?code=cotn:OEX.L&display=discussion&it=le


There is only 38 m of coil tubing left (this shouldnt take much time at all!) should take 2 weeks to clear that and the 12 m of milling tools MAX! condition to no more screw ups lol.

Then it is onto the well testing... now if we retrace to the initial placing of money 'the sophisticated investors' parted with their money because they must of been reassured that it would be worth their investment!

Then comes the independent report which gives us our first glimpse of how big this project could actually be!!

And lastly the fact the company is finding the pressures experienced greater than they thought all point to one thing.... that testing is going to pay dividends!!!


Now the question is should one buy more... well the company has a track record of being extremely unlucky and they just cannot shake it off. However, If we recall this share price has had a high of 30p! with no progression on testing the well etc, however, the share lost its upward momentum due to the economy and oilex having to declare delay in operations due to having to source a rig in order to extract the coiled tubing and milling tools. The share price dwindled further when it was declared that they needed to source further materials in order to overcome the higher pressures than EXPECTED ( one should not overlook this statement as this is a very good positive for when the 76-H starts its testing phase ... which lets face it is very soon 38m of coiled tubing thats all we have left along with 12m of milling tools).

So if my predictions are correct then we should break 20p on news confirming retrieval of milling tools and coiled tubing and during the testing phase hit our former highs of 30p in anticipation of such a crucial well!

These are all my opinions based on past RNS and i recommend everyone doing their own research.

Gl all the next month or two could be transformational...!