Serica Energy Forum

It's going up

Vol too low

bought in earlier this morning and happy to wait patiently for more good news here, either an aquisition or an update on columbus.

WRES moving up now., RNS logged?

looks like a classic bullflag developing on the chart, so I'm going to buy some tomorrow. Don't know how to post charts on this forum sorry.

It's all gone silent here

There has been many occasions when sells mean buys and the other way around not sure if the dealers use this to manipulate .ihave bought many times and it has said a sell.

Don't beleive all. The advertised share purchases or sales, yesterday I bought above 100 k shares and it had advertised on two sites as a sell when in fact I purchased this is not the first time this has happened ,

Below taken from Genel exploration off their web site results today, I am assuming my comment is correct

The SM-1 well on the Sidi Moussa permit (Genel 60% working interest) offshore Morocco is being plugged and abandoned. The well was drilled to a total depth of 2,825 metres sub-sea and encountered oil in fractured and brecciated cavernous Upper Jurassic carbonates. In the course of well control operations 26 degree API oil was produced to surface. A subsequent testing program over the same interval failed to produce oil at sustainable rates, potentially as a consequence of the reservoir damage suffered during drilling and well control operations. Further evaluation of the well results and other subsurface information is required before any definitive conclusions can be drawn.