Quote from: matt5cott on November 01, 2012, 14:55:05 PM

Got reamed by VAL today, huge placement, managed to get out a few quid down with my tail between my legs

seen CPP? they fell to 8p 2 weeks ago after problems with the FSA - 5x that now!

Aye, but will be weeks of silence on VAL now, no good news due, and slow/no news = down

double BLVN RNS - interim results, news of farm-in & a reserve upgrade.
Maybe Boom - if you got chance to get in this morning get in - 74p atm

never to late....  as long as your in for the long term - Tue, 6th Nov 2012 08:39 Nov 6 (Reuters) - Bowleven PLC: * Barclays raises price target to 225p from 215p; rating overweight

yes, lots to come. Its more interesting if you look at other oilies around that area - some big big players. Also the Chinese are sniffing & theres a big oil power station to be built in the area.
Basically they are in a strategic point - the farmout is worth approx 1/3rd of their assets. After yesterday rise  - there was a big gap - Chart Analysts say gaps get filled 90% of the time, so a retrace was expected.
BLVN & XEL are prob the 2 best prospects atm on AIM for oilies. Most of the others are gambling on drilling results. so a bigger gamble that may return 5, 6 or 10 times its value. While BLVN & XEL are just dependent on news releases to push their price up as they both have oil.


There was a ton of late trades yesterday - after hours trades & big money changing hands.

when a small oily goes good
https://www.google.co.uk/finance?client=ob&q=LON:PET
350%+ !!!!!!!!!!

when a small oily goes good
https://www.google.co.uk/finance?client=ob&q=LON:PET
350%+ !!!!!!!!!!

PET

Not a good usop rns oil to water

Yes, except this bit...


Nevertheless, two zones with Gross Formation Thickness of 380 ft (min. 150 ft NPZ) with average
effective porosity of 19% (total porosity of 22 - 24%) were confirmed as oil bearing zones, and
an initial low flow rate through the tubing to the surface was achieved. The Company believes
that flow was impeded by a high paraffin wax content and kerogene in the formation.

Weeks 6 -10:
Perforation was completed, and all remaining zones were tested. Oil flowed to the surface from
two of these zones.


------


PIs crapping their pants, I've taken some more shares on board during the loony twitcher period, delighted.

no idea what you was in for, but at the current price - if you can afford to average down, then go for it.

I have they have 150ft minimum confirmed oil, people just saw water and shat themselves, and with GXG you can put any stupid bid in of 1p if you like, if someone's crazy enough to accept, that becomes the last sale price!

75p a share is lunacy, they had £2.5 mill in the bank (surplus from this drill) the question of course is how much of that is left? But if this 150ft flows at anything half decent it's all good and an incredible over-reaction by weak PIs.

Thankfully I followed the golden rule, don't invest more than you can afford to lose Bum is still slightly charred though, definitely an evening to goto the pub