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chopsy - Thu, 29 Dec 05 :

Adorling, you must be mad. £5-00 in three years is far too little, as evidenced by Zengas' posts and calculations. The whole thing is referrred to in the placing RNSs as a "gas and condensate project" but there is not 1p in the shareprice for condensate yet. We have the well testing to come. We have two more wells on West Med to come, they could be better than 104, but even if they are "only" the same, that's 1.5trillion cubic feet recoverable, or 45% of the whole of the North Sea! And there could be upgrades. And there's Kermekol and Tamdykol. And there's the "further acquisitions" rumoured in the Times.

I think it's more like £5 in three months, and in 3 years, who knows, anyone's guess, perhaps £20.

Having said all that, I hope it goes to 90p tomorrow, or lower, as the market is flooded with those placees wanting a quick profit on, say, 25% of their holding, then I can buy some more. I like to ramp and deramp at the same time.


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