Member Info for ART123

I've heard this one a few times over the years - maybe the management buying may get this rise kick started. Otherwise it is all looking a bit lame at the moment.

The problem here, which is also common throughout the market, is plain poor management.

Mulholland has been here for years, stringing surprisingly loyal shareholders along while diluting their holdings with a series of failed ventures.

He finally managed to acquire an asset with potential and then through a succession of general lack of information plus the usual bad luck - no gas for the injections, partner going bust, grouse that have priority over drills - he somehow managed to drive the SP down from 60p on readmission to about 16p, during which time he even managed yet another placing, this time at 20p.

This news should have been released several months ago, during which time the SP would have rerated (instead of bombing) to say 50p/60p in preparation for the billion barrel plus announcement. Instead the shareholders heard not a thing.

Similarly the shareholders weren't informed that CUDA had gone into administration. All we were told was that there was a placing to try and acquire some of their assets.

The lack of communication since readmission is appalling and without doubt the reason for the appalling share price and why this won't take off now.

Look at Zephyr (previously some other name which escapes me for now) which had an appalling CEO Matthew Idioms in charge for years during which time the share price did nothing. As soon as he left the share price has risen by 10 to 15 times. UKOG are the same with a terrible CEO.

Just poor management.

AJMO.

If so, where is this information coming from.

Is it definite that we are going to get a CPR for this new discovery. If where is that information coming from.

Of course, everyone is welcome to their own opinions.

Thanks. A game bird.

I'm not really buying that. Fine when there is nothing much to drill but now there is a huge discovery sitting under the land surely it is time that is put up for review - and fast.

You can't hold up a multi-million/billion $ investment across a whole state over something as small as one game bird. That is just nonsense.

It's time COPL and partner(s) talked to the authorities and kicked that into touch.

AJMO.

Can someone remind me what the reason was for no drilling until August. In the podcast ART said something that sounded like bird or bush or something but I couldn't make out what he said. Thanks in advance.

What this share really needs to get it moving is more communication - either a follow-up RNS with more information or a longer more in-depth podcast.

Of course, a CPR would be sensational for the SP and m/cap. Does anyone know if ART has actually said that a CPR is in progress or is that just bully board speculation?

I'm getting some horrible little live screen pop up on my mobile on this website. It just seems to have appeared recently. Every time I pop it off it reappears in a different place on the screen. It's infuriating, even with the volume muted.

As far as I can see the LSE is brutally dragging the Canadian market down to it's pathetically lower level.

Maybe a longer podcast might buck things up here. Where's Zak Mir?

The London Market should be ashamed of itself. It also opens too early and stays open too long, while I'm having a moan. 8.5 hours is far too long - Wall Street is 6.5 hrs, Canada the same and AUS opens for only 6 hours.

I think that the people who have been following the Canadian market this evening are going to be in a much better mood than those who clocked off and turned off at 4.30pm.

This should rise quite seriously tomorrow.

This has got to be 35p to 40p tomorrow at least - and that is just the start of the rerate.

Another much longer in depth interview would be good.

I see the LSE managed 31p at 8.04 am and then it was downhill all the way to closing.

Canada looks to be closing at a 50% ish premium to the London close so tomorrow could be a good day - and certainly better than today's effort.

Settling at 0.60CAD which is just under 35p - and a lot higher than LSE even reached at the peak which I think was 31.3p

It appears to be dropping back fast before closing. Not sure why - unless they are thinking about the London market opening next................. and after today's p*ss poor effort by London what more can be said. They are being dragged down to our sad old level!!!!!

I think TSX is shutting soon. I think the hours are 9.30am to 4.00pm.

It looks to be settling around 0.64CAD or around 37.25p though it did peak at 0.79 or 46p which will probably be easily achieved in Canada tomorrow.

Bloody London nonsense all day. What the ****. That's really how to **** people off. Billion plus oil discovery and the ******ed market rises by 15%

Not really. This will need to rise by 50% on opening just to match the TSX SP. Say it gets to 40p by close tomorrow then it will only need one more 50% rise to be back to 60p

0.60CAD = 35p.

The interview has made the difference. It would have helped if that was done earlier this morning. Maybe a longer interview with Zak Mir would be a good idea.

These markets work in funny ways. The wait for the drilling window is not so important right now. The market first of all needs to factor in what is already a significant discovery. Get some value first of all for the OIP sorted. Set a new share price high and then later the market can react to the drills when they start.