Majic, agreed..but keep it quiet...ssschhhhhh.......No GRQ merchants required at the mo...
18 Aug '15
RE: More news coming...
Hey YakStew, I'm hoping you're right on Block XX! Hope I'm wrong but am thinking that the focus is on the work programme on Blocks IV and V - which is fine too, just perhaps not imminent SP catalysts. Think whilst attention is elsewhere on AIM, might be a good time to pick up shares here for an exciting 2016. BG (Shell) on board, cash and few shares in issue all point to potential good rises as we've seen in the past here. That, coupled with drill dates announcements and the excitement that brings next year will see a herd of interest arrive. Potential mulitbagger from these levels but prob next year.. let see. All the best. Majic
18 Aug '15
More news coming...
Hi Majic, so far we've had two RNS and I expect two (quite possibly more) in coming weeks/months. "As announced on 7 April, the agreed work programme under the farmout agreement is: · (Contract Awarded) Airborne Full Tensor Gradiometer (FTG) and High Resolution Aeromagnetics; · (Contract Awarded) 2,000 km of 2D seismic acquisition; · (Waiting for announcement) Two 1,500-2000m core holes; and · (Waiting for announcement) Two 3,500m exploration wells." PLUS - I'm personally still waiting to hear what Matad is doing with Block XX. I mean, they spent ages knocking on doors trying to get a farm out on that as well. Wasn't the best timing, oil price dropped, frontier exploration wasn't super sexy last year etc. - wasn't many takers.... But with BG (Shell) onboard actively pushing ahead with works on Blocks IV and V - a cheeky RNS announcing a farm out partner or an update about a potential partner on Block XX would not suprise me one bit. My two cents though. Would appreciate what others think as well. Anyway, two RNS down, two (at least) more to go in the near future is how I read it.
13 Aug '15
Any thoughts on the RNS?
12 Aug '15
Some large buys today, hoping this finally means we will see some action over the coming weeks with the SP
11 Aug '15
RE: Gravity Survey
Indeed BG will make sure the best people are chosen for the various contracts, we are due to tender for the drill contractor in the next few weeks, this will be one of the major drills of 2016 and will gain considerable interest with it been one of the last cheap production onshore oil frontiers in the world. So many people are watching and waiting for q4 before they get in, but i would rather be in from the bottom gl all further contracts due to be announced in next few weeks
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