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Looking at this part of the Annual Statement, it would look like the best chance of a Farmout of Barryroe is if Druid is a massive success: The collapse in M&A activity, combined with the Company’s balance sheet constraints in the first half of 2016 made progress in completing a Barryroe farm in very challenging. However, following the recapitalisation of Providence in July 2016 and with some recovery in the oil price, farm in activity has increased. This has facilitated the Company in pursuing new commercial opportunities which are ongoing. It is an important objective of Providence to advance the appraisal and development of this important asset. With this in mind, the Company is commencing various pre-permitting activities in anticipation of future drilling.
Hi Breezy, they say you should never look back at past investments but I did yesterday. In Jan 2011 I bought 24,000 Taylor Wimpey Shares at 34p (£8160) If I had done absolutely diddly squat and just left them untouched I would have over £48,000 in capital today and would have had 13 dividend payments totalling well over £7k. Can't tell you how sick that makes me feel today scrapping about trying to re-coup my CPP and BHR losses. I'm not prepared to go chasing rainbows elsewhere as that got me into trouble in the first place. I'm going to buy another grands worth of AFC if they fall to 10p. Other than that I'm just watching from the sidelines now. Good to hear from you, keep in touch and all the best.
Great post about #PCGE by smart solution on the #ADVFN stock discussion forums $PCGE [link] …
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Hi idg69 Had a great holiday thanks. Iam 23% up on sxx so doing very well but my UJO are down16%.Might be tempted to buy some AFC if they fall below 11p.Iam sure we will be rewarded for our patience with JLP but it is very frustrating share.Like you i would love to recoup all my losses this year.All the best breezy.t drop
Not long to go now. Hope there is something there! Oil preferably...