EnCore Oil PLC

i got some at 10.5p

Been watching...never been in this one before...could not understand what all the fuss was about !....sp really savaged....might be time to buy but they are drilling (a wildcat) I think...if that goes pearshaped you could be looking at 6p or so !.

but not forever.....plus east and west breagh plus cash

In the long term it should be a lot higher....but then there are a lot of depressed oilies to choose from !, what I nearly did this morning (should have ) was to buy at 10.25 and sell at 11.25 for a quick buck !, on the dead cat rebound !.

Well done to make a profit, as I'm not convinced by Dir buy just 14k-worth when they already hold so much.
Recently EO. ann. a partial failure of a gas-storage facility (but who says this is easy?).
- only history awards "titles" . . . however, sometimes a co will have poor advice perhaps and/or because they failed to understand the other party's (undeclared) interests - or .....?
Does anyone know the history of this company, are they serially unlucky, or just too small to bid for "better" prospects, etc.?

for goodness sake, stay away from this share ...... i have a nasty feeling it will not survive

Plenty of others to choose from and there is is a very big risk with this next well that they are drilling !.

You sound like the critical parent cynic!

;-)

sometimes one needs to treat some of the friends here as children

I'm perfectly happy buying EO. at today's prices. ;-)))

brave boy

Brave, stupid. You never know, cynic, but you gotta be in it to win it as they say.

i know the possible disaster scenario for EO. ...... is your reckoning purely that at this price the odds of EO. coming up with something juicy are pretty short, or do you have some other thoughts? ...... if the former, why are the odds any shorter than for say EME or ELP (even!)

cynic

The main reason is Breagh and I discount, to a certain extent, the apparent failure of Esmond.

Breagh is a pretty good producer (as opposed to EME's meagre offerings thus far) and EO. have a sizeable stake. The UK needs all the gas it can get and I work in that region. The gas spot market is highly volatile as the UK is a net importer for the first time in 40 years - the southern gas sector will offer very high returns for some time to come IMO.

As for gas storage, to me it's only a plus. I don't see huge upside by getting into the side of it, although I could be wrong. As such, I see the past couple of days' hit as being very far overdone.

Additionally, I think this outfit has very good management with an excellent track record, albeit they play on the Buzzard thing a bit too much. Buzzard was massive at the time - I know because I was there and EDG did unbelievably well out of it.

At the end of the day, it's a punt as with all exploration outfits, but this lot offer so much more than others IMO. I'm prepared to stick around for some time and quite prepared to lose all I've put in. If they double I'll no doubt be gone, but I picked them last year and saw them more than triple. I feel there's a good chance they'll do so again.

On EME, I see the latest news didn't last long, but then you and I agree that's a red herring. ;-)))

i thought you must have more logic that just backing the odds! ...... with Dow heading sharply south tonight (no surprise there), i guess there's good chance of EO. also falling away a bit more tomorrow, so may well follow your reasoning.

by the way, do you have any views on HAWK?

Never looked at them really, but might find the time.

interestingly, IG looks to be pretty much "limit up" on long buying, so had to get permission from the Pope to acquire ...... sounds like many agree with your view Al

Careful ! one ought to be : EK has dumped this....."on lower expectations" !.

We can be either right or wrong, cyninc. ;-0

RF .... at worst, the downside is the whole of my smallish investment, but as AL points out in his knowledgeable post, the upside is potentially significant