Member Info for BellNippleBear

besides seal , if that were the case , the company would have to sit on price sensitive news for up to 30 days - cobblers .

seal that in absolutely not correct , they can relaese news the very next day after buying provided they were not aware or privvy to the information contained in the news .

the compay officially said that they were carrying out "further detailed analysis" and would update the market in due course . i would expect an update tomorrow on at least how long the anaysis will take , maybe even findings of the analysis regarding the causes of the disapointing phase 3 results . - because that is what the share holders will be asking tomorrow , and unless they have rns'd it before hand they will not be able to answer it at the agm. so imo there is a very good chance of an rns before the market opens tomorrow , possibly even after hours today .

jp selling did send out the wrong message to some , how does a ceo justify telling share holders to hold on to the golden tickets and then sells a million of his own ? . has anyone actually asked him for justification ?

NK, I agree , no one forces anyone to buy sell or hold , it is their decision and that includes JP , petromaroc you and me . we all have reasons , although we do not all have the same level of information .

maybe has nothing to do with needing the funds . more to do with reducing the risk and with the CEO selling a million - what signal does thar send to the major shareholder , in fact all shareholders. if the cornerstone investors and James P are selling the so called golden tickets , ( and they know more about the operations than anyone ) - why do they think that most other investors will not reduce or sell their own holdings also .

bull , i agree it is highly unlikely that weather will delay us but the timeline will have imo a 40 percent factor for delays which may be put to good use once wells are completed timely . By the end of q2 the company will have a good idea of the spend , sail way date , projected stratup date and what cash is left in the pot . we may see another drill this summer (PC) . TO will be happy to oblige and a few weeks overun on the sixty days will not be onjectionable to the pbljs next client.

seer i agree with you there , i am agreat believer that to win in the markets nowadays you need luck - i also find that the harder i work , the more I learn and research , the luckier I am . good luck all .

yes adoubleuk , all things are relative and this is a RELATIVELY simple operation , relative to the all other ongoing projects n/s w/o/s. IMO the 60 days included pblj running the trees which have been completed ( although last year hurricane spoke about the plan b involving a vessel to run the tree in the likely event of the rig delay ) . there will also be imo 40 pecent added in case of weather delays . this is now a 30-40 day op if no dealys are encountered .

ricfle is correct . hurricane should not and are not prone to issue updates on half jobs like some outfits , we do not want to see news that the the drill is 50 metres from TD or the JK is entering the suez or that the subsea is part completed . abouble I appreciate you sharing your knowlege and experiences but when you post , please clarify with IMO ( in my opinion ) or TC ( total conjecture ) it will clarify your posts somewhat . I certainly would appreciate it as may others . I do not recall hurricane ever issuing any rns regarding rig move but may stand corrected here - they issued news when drill operations started which is what I think we will see tuesday . incidentaly it looks very much like the N-Installer has made good time and will be along side (gismarvik) this evening .

ralph , what obviously needs to be determined first is why the phase III interest trials failed , but more importantly was the formulation, administration or deactivation procedures mirrored in the japanese trials which could give the same disappointing and possibly incorrect results .

wt ,the fpso has a few more weeks before the trials . The NI has now completed all twelve mooring piles and is away to collect the mooring chains , NI will be back out to Lanc by Wed and should have all chains connected and laid out on the seabed very soon after ready for the buoy arriving . buoy is on the way from dubai and heading into the suez tue/wed imo. manifold and the well protection also on the way over . unsure how the pblj is doing but should have already had a look at 21a-6, hopefully both require minimal cleaning up . not long now . bnb

Spud News Tuesday and this could open at 15p, also TR1s on the new II's or existing ones that have increased will be more than welcome . Fiona thanks - work hard and you will soon be above water - lol . have a good weekend everyone, be good and see yous back next week for some hopefull good news .

I think that this may drop below 12p price later today, depending what positives we hear during the phone in starting in 5 minutes, but now funding for the 3D is in place we shooul be back to 20p by the end of 2018 . patience needed here as well . Good to see some of the old posters still here - change of name for me ( as most of you are already aware ) but Im still long on echo and going to keep adding where possible below 15p .

Please excuse me, the drop may be my doing, I substantially increased my position here yesterday and again this morning as I see this drop as a consolidation before the next climb. My conservative SP calculations based on what we know are �1.95 in a years time and �5.55 after a successful drilling campaign, so patience needed for substantial gains.