.

cynic pp must be dealing through his piggy bank.

I always have serious doubts about anyone who argues with themselves!

cynic, what did I say ? I said "On Line Limit" which means during the day on line trading through the main PI sites (H/ST/TDW etc.) had a limit of 1K of shares. You could buy no more but could sell 50K (and at times 100K shares).

What the big boys do through SETS with direct market access is a different thing, the point was PI's were being restricted to maximum buy of 1K but could sell up to 100K.

:)

Post by Stu over at III.


When the RNS eventually comes we simply need to confirm the depth of the OWC for the main Sea Lion fan.

EVERYTHING ELSE IS A SIDESHOW. EVERYTHING.

If this well encounters water saturated sands where the Sea Lion main fan should be, as was the case in 14/10-3, then I'm afraid it's the news we are all dreading.
And the SP is going to take the beating off it's life.

==========================================
Watery Nightmare



------------------------------------------------------



However, if the well encounters the Sea Lion fan and it's oil, then great. We're looking for an oil water contact that is below 2,500m. Which confirms oil across the floor of the valley.

===========================================

Oily Bliss



------------------------------------------------------


If 14/10-4 confirms recoverable oil below 2,500m then it's very tempting to look towards the South and the new seismic data for "significant upside potential"

==========================================

Scale of additional seismic region



------------------------------------------------------


I have some cash at hand ahead of results, this cash is usually for averaging down when results are bad in order to try and catch a bounce.

But in this instance, if results are good, I will be looking to add to my position, as the market will be unable to value a positive result in a single session.

Thursdays "Stock on Loan" figures at close now updated again.

Looks like a lot of shorters closed on Thursday, now only a very small amount of shorts left open, circa 250K of stock.

To be honest I am quite sure that his has, imo, been manipulated down to kick a lot of small PI's off of the shareholder register and leave a couple of big funds with increased holdings levels prior to the news that ends all negative speculation, if this well proves Sea Lion main has circa 35m of net pay and also the OWC is low down (or none found) then it can never be questioned again about SL being commercial in the future. How many PI's have been scared into selling out ahead of what could be massive news.

We all know the bear raid in the past that pushed the price down with the false heavy oil rumours - that avenue of manipulation is now blocked.

Has there been a more basic form used where two or three funds have been selling to each other such that they force the price down but also as they buy each others sells and sell into each others buys, they themselves actually keep the same amount of stock with zero cost - the effect of doing this and forcing the price down then allows them to buy up all the sells from people who get out of the stock as its falling, as they are overmargined, as they are scared ? Its an easy way to buy lots of stock cheaply - especially when you know that big funds will only add to their holding after news, and not before. Allows you to really scare the wits out of the small PI's and force them under fear to derisk or sell or move on - and you simply keep on buying their sells.

Its binary now, there is no middle ground, the share price will zoom upwards and rerate on good news, or it will zoom downwards on poor news. People who sold will either be cursing themselves for selling, or thanking their stars they did.

Fingers crossed all is good :)!

Here is the stock on loan chart up to Thursday close.



.

Proselenes

If like you keep saying about not having sold any of your RKH shares and holding them long term, then why don't you stop posting on all the these websites 24/7 and get on with your life, have you nothing better to do all day.

They must know now, if this latest drill is a success.....and there might be a leak before monday....what I can't understand is surely the first test on sealion must be considered to be a major success....then even if the deeper zone is not, they still have what they already discovered or am I not understanding this properly ?.....

aldwickk, its interesting at the moment, quite exciting !

Where is everybody ?.....looks like well success to me ......

Development planning now......two important words....

Well done all, very busy today and no chance to look in until now, but excellent news.

Pretty much bangs the 170MMBO in the bag. They were not targeting Sea Lion lower here that will come with a westerly appraisal but if that comes in good then 300MMBO should be in the bag.

After that the new area covered by the new 3D could add another 300MMBO on top of the previous mentioned 300MMBO, and with it full to spill point I would suggest Sea Lion is looking to be 600MMBO in size after a couple more appraisals and also Fox and Stephens are now very much in play, as is updip S2 fan.

Enjoy, I am really glad I filled my boots in the 200's and this is now a strong buy at anything under 400p.

Enjoy Enjoy :)

sp performing slightly more dully than i would have hope, but on the other hand, XEL having a spiffing day at long last

Anyone not accumulating is a nutter IMO.

14-10/3 confirmed that S2 had oil stains downdip.

14-10/4 has confirmed Sea Lion has filled full to spill point.


All points to the unmapped south being full, Sea Lion Main being full, Sea Lion lower being full, some of Sea Lion North being filled BUT

S2 updip probably full as well as Fox and Stephens..... and who knows, perhaps Jason as well as Chatham.


Absolutely fabulous - buy real stock with real money and hold them for a year or two, I do not think you are going to go wrong with that strategy.

lol
this my mint
http://www.youtube.com/watch?v=5xovXxa6sGU&feature=related
for a few days lol

http://www.youtube.com/watch?v=FGeX9D7xU_w&feature=related

my going away gift

anyone slatem that is fine

http://www.youtube.com/watch?v=kxORSX86t10&feature=list_related&playnext=1&list=MLGxdCwVVULXctxoMtroX8z1pb-L5mvOXu

my leavimg is rrr, rrls, stc and sres not in that order

http://www.youtube.com/watch?v=wKtHQKQX_bI&feature=related

http://www.youtube.com/watch?v=qfKu6pGxvFU&feature=related

http://www.youtube.com/watch?v=xXmrVfB19XY&feature=related

my going away gift

anyone slatem that is fine

http://www.youtube.com/watch?v=kxORSX86t10&feature=list_related&playnext=1&list=MLGxdCwVVULXctxoMtroX8z1pb-L5mvOXu

my leavimg is rrr, rrls, stc and sres not in that order

http://www.youtube.com/watch?v=wKtHQKQX_bI&feature=related

http://www.youtube.com/watch?v=qfKu6pGxvFU&feature=related

http://www.youtube.com/watch?v=xXmrVfB19XY&feature=related

my going away gift

anyone slatem that is fine

http://www.youtube.com/watch?v=kxORSX86t10&feature=list_related&playnext=1&list=MLGxdCwVVULXctxoMtroX8z1pb-L5mvOXu

my leavimg is rrr, rrls, stc and sres not in that order

http://www.youtube.com/watch?v=wKtHQKQX_bI&feature=related

http://www.youtube.com/watch?v=qfKu6pGxvFU&feature=related

http://www.youtube.com/watch?v=xXmrVfB19XY&feature=related

And do not forget the clever city boys paid 315p to get into this in a 206m pound placing.

Whilst they are now buying more they are telling you not to get excited..... they want you to sell so they can buy more below the placing price.

LOL :)

And do not forget the clever city boys paid 315p to get into this in a 206m pound placing.

Whilst they are now buying more they are telling you not to get excited..... they want you to sell so they can buy more below the placing price.

LOL :)

they liked paying that so much, they did it twice!