Anyone got any advice on RIFT.

I bought at 7p nearly 3 years ago. They subsequently went to 1.7p and are now back to 7p.
Are they worth holding or should I switch?

Hang in there drilling results from puk puk-1 should by next 2 weeks.

Excellent, another Rift thread.

what was wrong with the old thread?

I bought in @6.8p a few weeks ago and now hoping for news in the next few weeks!

Duplicate threads to be deleted, agree?

yep!

up date on rift.

I bought 6,000,000 of RIFT @ 1.7p, should I still hold or sell ?

:-) Mr GD, if you had 6M @1.7p you would not be on this bulletin board asking for advice.

Stay cool and have a good heart.

mrgregdavies
350m shares lol if you have these try selling.

I've heard a rumour that forthcoming drilling results are excellent. If you currently hold this stock then hold on for a decent uplift. Fnudementals are excellent and I predict an increase of 35-43% in the next Qtr.

Sounds good... I added last week. It was good that the sp held it's level in what was a disaster week for my whole portfolio.....be nice to see this do well but in the current market I'm not expecting any miracles!

i think others must have heard the rumour, ther wo,s a lot of big buys friday.

A friend of mine in the City is tipping RIFT for a major announcement in the next 2-3 weeks. If you have any spare after the recent selloff, fill your boots now.

"A major announcement".....good or bad? WOW what a tip!!

RNS Number : 8424A
Rift Oil PLC
07 August 2008





For immediate release


7 August 2008



Rift Oil PLC


RIFT UPDATES GAS POTENTIAL


Rift Oil PLC is pleased to provide an update to its announcement of 21 July regarding drilling for Puk Puk. The Company estimates that the potential mid case contingent resource for Puk Puk of 430 BCF and 8.5 MMB of condensate are approximately double pre-drilling estimates.




This estimate, together with the 250 BCF already identified on the Douglas and Langia structures, brings the total mid case contingent resource estimate of these structures alone to approximately 700 BCF without establishing additional reserves from further untested adjoining structures.




The upper case estimates would have these structures already potentially in excess of 1 TCF.



A 2D seismic programme totalling 210 km is now underway to assist in defining the size and extent of these structures and the adjoining structures, making projections of total field potential more easily calculable as well as identifying future drilling targets.

The testing programme for the Puk Puk-1 well has been redesigned to take account of the greater than anticipated hydrocarbon column intercepted in the well. Due to the greater complexity of the well completion and test programme, it has been rescheduled to commence in mid August, with the full testing programme to be completed by end September.




Chairman's comment

'The doubling of our estimates of contingent resource in Puk Puk confirms Rift's belief that at a minimum it can provide enough gas to commercially satisfy either Alcan or Flex LNG's requirements, or even both, subject to successful additional drilling.'

news out, is this the annoucement halifax, or is ther a better one to come.? thanks.

this is good news... still jam tomorrow but more jam !

10 bagger in time.

As per my post yesterday "A friend of mine in the City is tipping RIFT for a major announcement in the next 2-3 weeks. If you have any spare after the recent selloff, fill your boots now".

The above announcement is just a taster, expect 'The Big Deal' top be signed shortly ...

Stange stuff - just purchased two chunks of these this morning and they have both been listed as sells...........................