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RMP book looks set to pop

(ASX & AIM: RMP)
Informed Discussion. No ramping. No deramping.

RMP book looks set to pop

Post Wed Apr 11, 2012 9:40 am

I have just added to my holding

http://screencast.com/t/jzsbMTtwX3
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Trading Faces
 
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 9:44 am

Thanks TF. Hoping for a run into the high 40s this week.

Any thoughts on RRL's current sp malaise?
Matt A
 
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 9:45 am

that's RRL!

All RRL techs set for a big move up.

just a waiting game as always imo.

Just Isa's another 300K so anytime now!

TF
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 9:50 am

TF,

Many thanks for the analysis mate.

Maybe this is the reason for the rise in RMP this morning and quite a good post on iii alludes to the fact that surely Horn wouldn't create a nice brand new presentation dated ((April 2012!!!)) and then announce a duster the same month?!!!...or at least let's hope not! lol

http://www.hornpetroleum.com/i/pdf/2012-04_HRNP.pdf
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usher03
 
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 9:52 am

Usher, I have seen that.

The fact they refer to 60% of the gross best estimate is also bullish.

It gives and indication of their mindset especially as the presentation was put together in the last few days.
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 10:02 am

now in auction at 41.25
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 10:04 am

out and straight back in to auction at 42p
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 10:06 am

Fair play, TF. Your calls on RMP have been almost psychic over the last few months.
Matt A
 
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 10:06 am

good call !

Trading Faces wrote:
> out and straight back in to auction at 42p
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Happy Trader
 
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 10:28 am

usher03 wrote:
> quite a good
> post on iii alludes to the fact that surely Horn wouldn't create a nice
> brand new presentation dated ((April 2012!!!)) and then announce a duster
> the same month?!!!...


Cheers ;)
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wrighty6
 
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 12:15 pm

Wright456,

You're welcome mate, it was a very nice piece of research.

Many thanks
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usher03
 
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 12:16 pm

TF,

How's the book looking on RMP for this afternoon as we've come back down a slight touch?
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usher03
 
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 3:21 pm

Hi Usher

Not been watching but quick glance now looks like a holding pattern.

TF
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Re: RMP book looks set to pop

Post Wed Apr 11, 2012 3:32 pm

TF,

Cheers.
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usher03
 
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Re: RMP book looks set to pop

Post Thu Apr 12, 2012 10:27 am

Great post by Confusion2

"Just looking back at a few Yemen drills, it seems that around this depth, things tend to speed up!

http://www.rigzone.com/news/article.asp?a_id=96410

490 meters in a week.

I also noticed that similar drills were averaging 150 meters a week prior to this depth, roughly the same with this drill.

Also, oil encountered as well in upper formations, later produced though at the time of drilling very difficult to test as bituminous in nature.

Striking similarity!"

It looks like we may get the news everyone is waiting for a lot quicker than people would think.
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fightfear
 
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Re: RMP book looks set to pop

Post Thu Apr 12, 2012 10:53 am

Wont hold my breath but thanks for that.
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Garroth
 
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