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14-03-2012, 21:55   #481
The Pontiac
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I took a 40% profit on HRN profit and ran.

Just too high risk for me. I was only trading it (on sentiment) anyway; hoped to get $1.15, but it was looking bullish so let it ran. Knew results weren't imminent, so had time on my side..

Best of luck to all holders. Hope it works out.

Last edited by The Pontiac; 14-03-2012 at 22:01.
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14-03-2012, 22:47   #482
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Quote:
I took a 40% profit on HRN profit and ran.

Just too high risk for me. I was only trading it (on sentiment) anyway; hoped to get $1.15, but it was looking bullish so let it ran. Knew results weren't imminent, so had time on my side..

Best of luck to all holders. Hope it works out.
Do you not feel at this stage that they've probably found something? Enough to take the gamble anyway, I'm pretty confident oil has been found and wont be derisking, Id be buying if I had any cash left. Just from the deals that are being done and statements from Landau and others and everything else I 100% want to chance it.
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14-03-2012, 22:59   #483
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Thargor your not alone here. A great end today.

I am a bit sceptical about them finding oil already though. Fully confident it will come good, just a bit early yet.
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14-03-2012, 23:46   #484
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Originally Posted by Thargor View Post
Do you not feel at this stage that they've probably found something? Enough to take the gamble anyway, I'm pretty confident oil has been found and wont be derisking, Id be buying if I had any cash left. Just from the deals that are being done and statements from Landau and others and everything else I 100% want to chance it.
Possibly, but I wouldn't take much notice of internet rumours at this stage. It's too early, and a bit go before they reach TD yet. I've heard these rumours many times in the past with DES, AEX etc..

But the early indications of a 'working petroleum system' from the drill is encouraging and increases the COS. But I thought they knew this from the drills in the 1990's? There's a long way to go before any oil/gas is deemed as commercial - the quality of the oil, actual quantity, flow rates etc. Maybe a 40% COS is correct, but would have to do a bit more research on the wells drilled in the past by Amoco, Chevron and Conoco. Hard data to get hold of, and no commercial oil find was ever confirmed.

AOI/HRN are also very experienced and a good operator. But HRN are a one trick pony, and if it goes tits up, the stock will tank. Worth next to nothing.. They will drill the Shabeel North-1 well next, but if the current drill doesn't go to plan then market confidence will be shot.

There's also the political risks. ATM machines don't even exist in Puntland, it's that third world. Getting payments from the government - if an oil industry was ever formed - would be a serious concern of mine. Then there's all the other security issues to deal with, pirtaes etc.

But then there might be a shít load of oil there, who knows. HRN is definitively a better bet than RMP though. Not sure how much the Georgia assets are really worth to RMP.

HRN could indeed multi-bag if they find lots of oil, but not for me. 'Trap Oil' is more my play - a few free carries in the NS (more politically friendly) with many different drill prospects. But less potential upside than HRN.

Last edited by The Pontiac; 15-03-2012 at 00:14.
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15-03-2012, 00:52   #485
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Well done on your trade Ollie.
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15-03-2012, 07:55   #486
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Cheers Neil.
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15-03-2012, 10:24   #487
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Come on 15p!
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15-03-2012, 21:45   #488
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Oil was originally found here so a few years back it not as if they are drilling blind. I suspect that they have encountered Oil twice so far on the way down to TD. There isnt a big share issue and they will get a major rise on a find.
I`m letting my chips ride on this one, 40% rise is great but HRN will jump to over $30 on an Oil strike within weeks make no mistake about it, thats a huge huge return and well worth the punt for me
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15-03-2012, 22:04   #489
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I can't see it going anywhere near $30 though. HRN will have of 140m in issue when the warrants are exercised. It should still multi bag though, if all goes to plan..

Vast Exploration also found a load of oil in Kurdistan, but couldn't get the stuff out of ground. The SP today reflects this. We still don't know a lot about geology of Pundland.

It's an exciting play, I will say that though.
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15-03-2012, 23:29   #490
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Not a hope they'll hit $30 on a shabeel strike. Maybe on a Shabeel, Shabeel North and Nugal success. I'd be more than happy with $10 on shabeel hit and i even think that is a bit of a ramp.
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19-03-2012, 11:13   #491
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Boom

And were off......16.20p

I knew all that trading in the ASX last night meant something.

Anyone holding RRL.L Well done!
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19-03-2012, 11:26   #492
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And were off......16.20p

I knew all that trading in the ASX last night meant something.

Anyone holding RRL.L Well done!
I was just having a browse around Boards on my bank holiday, completely forgetting that markets would be open. You just made my day off even better
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19-03-2012, 12:16   #493
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yah, looking good on nice volume, ...16:30p

Quote:
Originally Posted by EdenCyrus View Post
And were off......16.20p

I knew all that trading in the ASX last night meant something.

Anyone holding RRL.L Well done!
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19-03-2012, 12:46   #494
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Ah a full Irish for breakfast and my Xtract losses wiped out nearly 3 times over in one morning, its great being heavy in RRL

Pray that news from Puntland is good though.

And RMP is still going vertical, how many days in a row is that now? Hoping to see HRN match and exceed that very soon.

Bit of drama on RUM this morning! Anybody want to take a stab at whats going on with this mysterious new company JR is supposed to be emailing a privileged few about? From Trading Faces on GiftedGenies forum:

Quote:
JR has banned me from RUM it seems.

Kev Yorks is as stright as the day is long.

Please let Rummers know that I no longer wish to be part of it anyway
but will miss them all.

Rum has morphed from being a convivial community forum to a one man
rampathon where free speech or questioning admin is not allowed.

It is now a dangerous place.

JR knows very little these days because he can't keep anything
secret.

He is told what is allowed to get out for obvious reasons.

That is why he is often out with his predictions.

The whole skullduggery around KAB stinks.

JR has sold down millions of Range in the last few weeks whilst
spruiking others to buy them.

He is allowed to do whatever he wants it is his money. But the private
ramping circle to buy into KAB, set up a new forum then encourage
buying stinks.

He talks about a community of friends but actually RUM is a one man
dictatorship.

JR knows it and the banning farce today just confirms it.

TF
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19-03-2012, 12:50   #495
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guys.. is some thing happening... or system error

HRN - pre market 2.55 ask 2.55 bid

Last edited by AP_MAN; 19-03-2012 at 12:54.
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