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for sure BPC is a total crap company with no assets at all - trade it if you must, but don't kid yourself that it is anything more than blind hope supported by blind fools

if i was to reinvest profits from XEL and was determined to stay with oilies, from your list (of the ones i have even heard of), i would go for COV and RKH ..... if you want "real" companies, then TLW and AFR (especially) should be on your list

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marky - if only life were that certain! ..... on balance, i think XEL will announce a good result, as then they will be able to place shares at a much higher level than today

Nothing is for certain Cynic i think that is one lesson i have learnt from you and a profit is not a profit till banked.

Holding 5 figure numbers in RKH and XEL and DES if i can get out at a profit in DES i will and put it into RKH.......i think!!!!

i think i'ld be very happy for you to make a profit on DES, even if that would mean me having to cut my losses! ..... just hope you remember to bank some this time

i'm surprised to note that volume is only 1.7m so far

Some good heavy buying at moment very few sells should see a tick up

but still only 2.1m ...... sp struggling a bit at this level, but it does tend to go in lumps, depending an what the MMs are trying to achieve

looks as though they may be trying to shake out a bit of stock .... if that's the case, at what level is one tempted to be super-greedy?

you haven't been tempted to sell a few and buy back cyners??

have been tempted to sell some - had originally planned same at 275, but pulled the order on friday! - but have quite easily allowed greed to get the better of me

i hear it's snowing steadily in B-on-A, so could have a fun drive drive tomorrow ..... M4 will be fine; chippenham to melksham (abandoned the idea of usual route via corsham) sahould be ok, but last 10 miles could be a tad slow and interesting!

probably nearer the mendips so prob got more than we have, side roads got light covering at mo, depends if we get more over night.,.

no problem for my long legs of course......emu

2400 bopd rate from 12 hour test ?

http://twitter.com/CockySpencer

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shame one can't just c+p from an "ordinary" folder - have just the pic for BB and other friends

sometimes you break the rules of a trading lifetime ....usually always play the % and would have sold my last tranche on todays rise ........but ended up buying adding quite heavily ........again .......c'est la vie ...

An awful lot of ramping evident on BBs various today, based on no more than the FT has actually started. I always get nervous when PIs start spending their profits before a result is known (more often than not, it goes wrong - TMC 20 party one such example).

Hopfeully a positive result will be released prior to Xmas, but still a lot to play for and nothing is certain in the oil game. In the meantime it's nice to be sitting on a reasonable profit again, let's hope it stays that way!

about bloody time! have been waiting for the flow test for 6wks now, keenly read all posts since Oct today to rfresh my memory as hadnt done much research and held a small amount from just over 1. sold half last wk at 248 doh! now very nervous as have lost a bundle on DES and dont want this going the same way. if result comes in much less than 2000 think it will tank, over 2800 will soar - just my take on it but by no means an expert

Only needs 1200 bopd to prove commercial and will probably get away with 1000 bopd if the price of oil remains relatively elevated. The gamble is simply if it flows at a commercial rate, the really good stuff comes later, ie, logging resources as reserves and a possible take-over attempt. Most of the current holders will probably be out if it reaches about 5 (or 1) so expect a dip until new buyers arrive. The really big gains may well come post FT.

Talk is that the well has been flowed at the maximum rate (3000bopd) with no problem and could have gone higher with a bigger pump. Again, its only talk talk talk and talk is cheap.

News today at 14:30 or tomorrow (Wed) at 07:00 is my guess.

Bit of media coverage today :

http://business.scotsman.com/energyutilities/North-Sea-test-results-help.6666950.jp

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Pro

Your info yesterday was spot on.
Rns out 2900 bopd

Get in there.

2900 bopd stabilized rate !! :)

http://www.investegate.co.uk/Article.aspx?id=201012210700083389Y

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