Member Info for ART123

To me that was a silly sell-off yesterday as the RNS was a continuation of the good news of very low cost testing of the Alvares gas discovery. Looks like the sellers are having to buy back in quick today before they end up paying more than they were selling for.

This got as high as 30p last year. There are exactly the same number of shares in issue now as then. Certainly 20p+ is on the cards for September/October and that's at least 100% from where the SP is now. I'd take that anyday with the market as it is at the moment.

Get past the little profit-taking sell-off and this can go back up again.

I don't think they'll need any more cash for the CPR or for testing the well bore integrity and planned flow testing.

My average is now 12.25p which is okay. 9.50p being paid now. Make that 9.65p.

I brought my average down from 21p (embarrassing) to 13.75p earlier despite rushing in and buying some at 11.50p. I'll now wait for this to settle and then add some more to bring it down further. It looks like the second half of September and October could be a very good time to be in this.

I think this is a bit of a sell on news over nothing today as this could rise quite a lot more. 15p to 20p+ seems more of a target to me. Give it a week for the 7p/8p traders to take some profit and then I expect it'll start to rise again.

ATB

Who knows - Alvares may just be the well that flows gas at commercial rates after the Dempsey and Tuainyo disappointments. 5000 ft of high pressure gas flows.........................

"The Independent STOIIP Audit is expected to be completed by GCA by October 2018."

Getting an official third party resource estimate pre farm-out/JV seems a good idea.

I can see this getting back to a higher SP after the Dempsey disappointments. 15p/20p seems quite reasonable with testing of the Alvares gas discovery also set for early Q4 2018.

ATB

I've just averaged down here after a long wait. Last time we has figures from South China Seas the SP hit 30p. Plus Alvares looks to have a low cost plan for testing.

Sorry it probably doesn't work. I was logged in to get it working. Try this:

03-09-18 15:29:33 0.3730 150,395 O 0.3700 0.4000 Sell 303,788,981 266,816,858
03-09-18 15:29:11 0.3917 312,496 O 0.3700 0.4000 Buy 302,714,932 266,666,463
03-09-18 15:29:11 0.4000 51,032 O 0.3700 0.4000 Buy 302,765,964 266,666,463
03-09-18 15:29:10 0.3975 72,981 O 0.3700 0.4000 Buy 302,402,436 266,666,463
03-09-18 15:28:33 0.3700 1,000,000 O 0.3700 0.3700 ? 302,329,455 266,666,463
03-09-18 15:28:04 0.3700 750,000 O 0.3600 0.3700 Buy 302,329,455 266,666,463
03-09-18 15:28:04 0.3700 200,000 O 0.3600 0.3700 Buy 301,579,455 266,666,463
03-09-18 15:26:52 0.3685 300,000 O 0.3600 0.3700 Buy 300,629,455 266,666,463
03-09-18 15:26:27 0.3700 810,000 O 0.3600 0.3700 Buy 300,329,455 266,666,463
03-09-18 15:26:16 0.3685 200,386 O 0.3600 0.3700 Buy 299,519,455 266,666,463
03-09-18 15:25:56 0.3685 1,447,142 O 0.3600 0.3700 Buy 299,319,069 266,666,463
03-09-18 15:25:50 0.3690 46,897 O 0.3600 0.3700 Buy 297,871,927 266,666,463
03-09-18 15:25:49 0.3690 132,262 O 0.3600 0.3700 Buy 297,825,030 266,666,463
03-09-18 15:24:47 0.3685 322,788 O 0.3600 0.3700 Buy 297,692,768 266,666,463
03-09-18 15:24:34 0.3685 75,000 O 0.3600 0.3700 Buy 297,078,418 266,666,463
03-09-18 15:23:21 0.3685 281,251 O 0.3600 0.3700 Buy 297,003,418 266,666,463
03-09-18 15:23:10 0.3685 1,040,701 O 0.3600 0.3700 Buy 300,722,167 266,666,463
03-09-18 15:22:42 0.3700 250,000 O 0.3600 0.3700 Buy 299,681,466 266,666,463
03-09-18 15:22:32 0.3700 322,716 O 0.3600 0.3700 Buy 299,431,466 266,666,463
03-09-18 15:22:23 0.3103 151,000,000 O 0.4100 0.4300 Sell 222,195,466 403,753,955
03-09-18 15:22:09 0.3680 0 O 0.3600 0.3700 Buy 299,108,750 266,666,463
03-09-18 15:20:39 0.3685 133,256 O 0.3600 0.3700 Buy 295,108,750 266,666,463
03-09-18 15:19:28 0.3695 541,272 O 0.3600 0.3700 Buy 294,880,630 266,666,463
03-09-18 15:19:14 0.3610 206,666 O 0.3600 0.3700 Sell 294,339,358 266,666,463
03-09-18 15:19:07 0.3640 242,145 O 0.3600 0.3700 Sell 294,339,358 266,459,797
03-09-18 15:18:57 0.3640 4,302,435 O 0.3600 0.3700 Sell 294,339,358 266,217,652
03-09-18 15:18:56 0.3640 2,066,911 O 0.3600 0.3700 Sell 294,339,358 261,915,217
03-09-18 15:18:56 0.3640 200,000 O 0.3600 0.3700 Sell 294,339,358 259,848,306
03-09-18 15:18:41 0.3560 334,564 O 0.3500 0.3700 Sell 294,339,358 259,648,306
03-09-18 15:18:37 0.3670 493,324 O 0.3500 0.3700 Buy 294,339,358 259,313,742
03-09-18 15:18:30 0.3560 1,925,888 O 0.3500 0.3700 Sell 291,846,034 259,313,742
03-09-18 15:18:29 0.3670 2,000,000 O 0.3500 0.3700 Buy 293,846,034 259,313,742
03-09-18 15:18:15 0.3660 1,500,000 O 0.3500 0.3700 Buy 291,846,034 257,387,854
03-09-18 15:18:12 0.3660 500,000 O 0.3500 0.3700 Buy 290,346,034 257,387,854
03-09-18 15:18:07 0.3660 815,786 O 0.3500 0.3700 Buy 289,846,034 257,387,854
03-09-18 15:16:23 0.3555 119,980 O 0.3500 0.3700 Sell 289,030,248 257,387,854
03-09-18 15:15:51 0.3604 1,500,000 O 0.3500 0.3700 Buy 289,030,248 257,267,874
03-09-18 15:15

Sorry that should read 0.3685p.

The link does work. Take a look.

Looking back at the live prices yesterday afternoon this was definitely a sell. The buys at the time were all at 0.0685p and 0.37p. The link below from my MoneyAM live prices should show this:

https://www.moneyam.com/trades/?epic=FRR&type=filtered&timeFromDate=2018-09-03&timeFromTime=00%3A00&timeToDate=2018-09-03&timeToTime=15%3A30

Looks like that's about it for the day. 80% up. Could be another 35%/40% on top of that tomorrow to take the SP up to around 0.60p.

I thought there was oil in there somewhere as well - just a little a mere 18 billion barrels. Cheers.

Can someone remind us "newbies" what is in Block 12 please. Cheers in advance.

I expect one of the podcasts is already working on having a chat with Zaza. That will make interesting listening - and add extra impetus to this already impressive rise.

A few sells at 0.41p showing as buys but I expect the MM's are only too happy to grab them - they'll soon be sold back at 0.43p/0.44p anyway.....................

Who or what is C5.

See my earlier post. I'll repeat it:

"Well I've got in today at these prices.

I missed out this time last year when the SP was even lower than today and then the new CEO took over and there were site visits and much renewed interest. I watched as the SP 5 bagged on the newsflow. Well I won't be missing out this time anyway. Roll on 1p, even 1.5p or more."

I make my own decisions regarding what shares I own and often have views that differ from the masses. However I can spot a decent opportunity when one appears and this looks a good time to be in here. I was equally scathing on another board earlier this year but when a great opportunity turned up there I was in a quick as a flash and made a great profit.

Yes I have bashed this share at various times in the past but not for several years now and I am always prepared to be open-minded. The change in the CEO was the big difference here.

ATB

Quick jump from 0.37p paid to 0.40p paid. Still 1 hour of trading left today - and a certain rise on opening tomorrow.

BPC still hadn't drilled anything. Their prospect could still be a duster. Still the shareprice did 7/8 bag. Same here would take the shareprice to 1.75p/2p. That sounds quite reasonable to me. This is already a proven resource.

Well I've got in today at these prices.

I missed out this time last year when the SP was even lower than today and then the new CEO took over and there were site visits and much renewed interest. I watched as the SP 5 bagged on the newsflow. Well I won't be missing out this time anyway. Roll on 1p, even 1.5p or more.

Sorry. Looks like that was already done on 20th August.