Member Info for BigBear2

It’s just usual AIM behaviour 90 percent are just here for a trade we have had news so folk dump and move onto the next thing.
Personally I like to accumulate during quiet times not when the herd is here but each to their own

Nice rates today I would imagine if the cap takes a while to drain they will perforate S2 in a different zone.
Looking forward to hearing the plans for champion and challenger

Yup aware of the Ntog debt facility.
Let's see what JB comes up with debt would be ideal but not fussed if a small equity component at a decent price if we can fund an active drill season fully.

That's for JB to sort will either be equity or a small debt facility.

I doubt we will see anything near term an Stanley 3 and 4 as that requires all the partners agreement.
They will want to study the performance of S1 and S2 first.
That is why JB is also keen to move to n Champion/challenger as it’s just them and Baja.

Great times here.
Interesting you mention champion/challenger...
We are funded for all the Stanley’s but require funding for those 2 projects.
JB seemed to imply on proactive he is keen to move on those ASAP due to us having a far greater share of production..
Hopefully we will get an update on his plans soon.

Considering the current sp and the fact they need 5mill usd this will be a biggie and require at least doubling more likely trebling shares in issue.....which I assume needs shareholder approval.
Just get it done so we know COPL are financed for next 6 months.,,

Late 40 mill dump, looks like placing bring fwd sold

Needs to get the placing done ASAP or the price will be silly.
Salary sacrifice would be good.

Jeez is that still rattling on Art treats it like a non issue..

0.07-0.08 then 15:1 consolidation

Someone been given nod on placing my guess is 0.7-0.8 then consolidate

Need to narrow spread

Sub 1 p dilution will need shareholder approval due to nominal price

Q4 for DFS...

Same basin so drill time should be similar, so just over. A month is I think realistic.

Looks like as per us the norm there will be an equity placing to complement the finance question is at what price?

I think about 30 days....

UPDATE (EP-115)
Central Petroleum Limited (ASX:CTP) (“Central”), as Operator is pleased to announce that the Surprise-1 well was spudded at 1130 hours CST on 11 October 2010 by MB Century Rig 7.
The rig is expected to take approximately 30 days to drill the well to a total depth of approximately 3,000 meters. A depth versus time curve is for the well is attached to this announcement.
A summary of the Surprise-1 Prospect is as follows:
Primary target: Oil in the Pacoota & Stairway Sandstone Formation
Primary target size: 50 million bbls oil in place
Location: Longitude 23 degrees, 42 minutes 50.758 seconds South and Latitude 129 degrees 59 minutes 36.091 seconds East
Target chance of success: 29% (supported by live oil in Johnstone-1)
Formation depth main Pacoota Sandstone Target : 2,600 meters
Equity Interest: Frontier Oil & Gas Pty Ltd (a Central wholly owned subsidiary) (90% and Operator), Trident Energy Ltd (10%)
Should hydrocarbons be discovered, and the wireline logging results are positive, it is planned to evaluate the reservoir(s) by conducting flow test(s).
Mr John Heugh, Managing Director said “We are pleased to spud Surprise-1 following the extensive oil shows encountered in Johnstone-1. Whilst the Johnstone-1 flow rates were disappointing, Surprise-1 is located and closer to the regional source kitchen in

Crazy but I suppose normal on AIM
Sod the news and it’s significance just trade it seems the action

MMs just opened the spread on those sells let’s see where they take us next