Lots of good reading here this morning.
BPAA time taken is my biggest problem and it can and does do harm for sure. Not all but most oilers I have been in suffer time delays. I guess I am so used to it I take it as part of the risk management of holding.
Chillam, just Neon right now as cash is needed away from the market. Recently sold PVD and MAD. Short list now includes CVN,FAR,NWE,TPT,PSA,OEL. These are of interest but I may or may not buy. Particularly like buying under 10c if the prospects are there, fundamentals are good and the sp is at a low point compared to last 2 years.Happy to talk more on method but its off topic, perhaps there is an appropriate thread elsewhere?
Kezza, the aim of the additional Vietnam seismic was to optimise the drill location but you can often get new or better data that enhances target assessment. Regarding Block 120 it seems its about only optimising the drill location. Block 105 seems different in feedback I have had in that we might be dealing with a reserve reassessment of some sort(positive is how the vibe seemed).
Forum reading is becoming a management tool for stocks these days, especially where largely dominated by retail holders.A kind of barometer of sentiment if you like. Less so for the blue chips where coverage is extensive at retail and institutional levels.
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