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Member Info for CaliBob

Member Since: Mon, 20th Sep 2010

Number of Share Chat Posts (all time): 153
Number of Share Chat Posts (last 30 days): 0

Last Posted: 18 Jul '14

18 Jul '14

Bang on. Thanks.

18 Jul '14

Dummy sell for 250k+ offering 1.088. I topped up 150k+ @ 1.1 14.05 today and not shown on LSE or ISDX as of yet.
12 May '14

MrEnglish, I'm guesing the 12 wells covered are the BBs, Jakes, Kerr's & Gust/Helg. I've had a scout at the ND figures tonight for those wells, but have come to a total different to yours. Thinking I'm going wrong, going from the figures for a single well (Jake 2-11 1H) for Feb 2014 I get the following:

Oil - 3829 Barrels, over 11 days - 24/7 equiv av 348 BOPD, monthly run av 137 BOPD, MAGP month net 2 BOPD

Gas - 2832 MCF Sold over 11 days - 24/7 equiv av 43 BOEPD, monthly run av 17 BOEPD, MAGP month net 0.247 BOEPD

Total: 2.25 BOEPD

Division of 6 included on the MCF to get the BOE figures. That gives a oil/gas ratio of approx 88/12. Am I interpreting these figures differently to you, as my total for all the above well does not come to 80.52 BOEPD, nor a ratio of 55/45.

Just to say, I'm in, and have been for nearly two years now. Don't post often, just looking for some comfort after the last week.
28 Aug '12

Quite hard to digest in a number of ways really. The mild weather had a MUCH bigger impact than I (and probably RIIG too) initially thought. 6 months loss of nearly £700k...

On the flip side, a number of explanations and future (non-weather related) news came out of the woodwork. The mild weather meant a delay in a new contract, probably along the line of a retainer plus commision based contract - as the weather remained mild, the client obviously didn't want to fully commit, they now have done so. iTeam & Verify have had a number of opportunities commence through July & August (including the £750k PPI contract), consultancy for claims efficiency with a top 10 insurer and an alliance for training/apprenticeships with a partner.

JF's comments:

"While the results for the first six months are both disappointing and indeed frustrating they should not be taken out of context of the overall picture for the Group going forward.

"We have successfully broadened the range of services we provide to our markets and continue to win new business from both existing and new clients. Weather related claims will always be part of our business but are being diluted by growth in other areas such as motor, personal injury and PPI. We are confident with our existing pipeline and recent contract gains in the second half will see a significant improvement giving a strong and solid platform going forward."

As the adverse weather from April onwards has been quite unseasonal that should erase some of the losses but I doubt myself it will cover the £700k. If the losses had been kept to a £300k level, that may have been possible. Any profit made 2nd half will now probably be there to offset the poor H1.

The main interesting point about the RNS is the private placement of 40,000,000 shares during August of which generated £200k for working capital, at a premium price of 0.50p! This is not only very uplifting, but to place these with existing shareholders at a current 50% premium to SP is an almighty achievement! This alone I believe stopped the drop this morning (albeit .25-.35 was briefly shown after a measly 19k share sale).

RIIG actively moving into other areas is now fully in motion to not put such a large dependancy on weather-related claims. Had it been a seasonal December 11 - April 12 this would have been a different story.

My opinion? Hold / Buy. It is a knock back on the progress the group have made over the course of the last 3 years or so, but are reacting positively and have a much more solid base to work from.
24 Aug '12

Trading volumes increasing over last few days after a period of nothing, anyone buying/lowering averages?

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