Member Info for biglad0001

buys going through well over ask 0.99 paid

Chris Oil gone from 7 to 4%

£350K of buys at full ask in a few minutes

Reabold Resources/Union Jack

An operational update from West Newton this morning and although the potential of a liquids find had been flagged this looks to me like a genuinely company making discovery for both companies.

The companies confirm that analysis and initial testing have led them to believe that West Newton project represents ‘a significant oil & gas discovery rather than the gas discovery originally anticipated. This is because the overall HydroCarbon column of 65 metres comprises a gross oil column of approximately 45 metres underlying A 20m gas column in the Kirkham Abbey interval.

The most important read into this announcement is probably the fact that they are very keen to get the CPR updated which will address the volumes that the partners cannot yet quantify although the positive language speaks for itself. ‘This is now an oil project’ and the technicals that we have here are worthy of serious consideration of a highly valuable UK onshore oilfield. In addition, the data from this well so far validates the 3D seismic over the entire West Newton project and with the next well targeting the deeper Cadeby formation could ‘add significant resource upside’.

With the partners now confident of a cracking discovery at the A-2 well the running room in the rest of the licence means that for both companies there is much more upside than has been demonstrated by the market today. For example the market cap of Reabold could be multiplied if all the potential upside is proved and I have no reason to believe not, this is getting into the territory for proper M&A speculation which I for one wouldn’t rule out for one minute. Onwards and upwards….

TIDMUJO

RNS Number : 4716K

Union Jack Oil PLC

29 August 2019

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement

29 August 2019

Union Jack Oil plc

("Union Jack" or the "Company")

West Newton Update

Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce an update in respect of the West Newton A-2 conventional appraisal well, located within PEDL183 and operated by Rathlin Energy (UK) Limited ("Rathlin" or the "Operator"). Union Jack holds a 16.665% interest in this licence containing the West Newton A-1 discovery well and the West Newton A-2 appraisal well.

Highlights

-- The Operator and project partners now believe that the West Newton project represents a significant oil and gas discovery rather than a pure gas discovery as originally perceived

-- Evaluation of the West Newton A-2 open hole data has identified an estimated gross hydrocarbon column of approximately 65 metres in the Kirkham Abbey formation

-- Initial petrophysical evaluation identifies a gross oil column of approximately 45 metres underlying a gross gas column of approximately 20 metres within the Kirkham Abbey interval

-- With the indication of a potentially significant oil column, the Extended Well Test ("EWT") has been temporarily suspended in order to review and revise the well test design to deliver the necessary test information to validate this important onshore resource

-- Following the integration and evaluation of the core, petrophysical, seismic and test data, the Operator and partners intend to commission a revised CPR to re-assess volumetrics and revise NPV10 values based on the information acquired from the West Newton A-2 well

The West Newton A-2 well was drilled as an appraisal of the West Newton A-1 discovery well. Based on the results of the West Newton A-1 well, a Best Estimate Contingent Resource of 189 Bcfe of gas was identified in a Competent Person's Report ("CPR") compiled by Deloitte and dated 1 June 2017.

The West Newton A-2 well was spudded on 26 April 2019 and on 9 June 2019 reached a total depth of 2,061 metres. A full suite of open hole logs was run and 28 metres of core were successfully cut and recovered from the Kirkham Abbey Formation.

Initial open hole information indicated that in many respects the zone penetrated was consistent with that encountered in the West Newton A-1 well, however, the West Newton A-2 well indicated the presence of both gas and oil in the reservoir as opposed to a pure gas project as originally thought.

Evaluation of the West Newton A-2 open hole data has identified an estimated gross hydrocarbon column of approximately 65 metres in the Kirkham Abbey formation. Based on the previously described data in conju

Hi Guys I m still about but cant be doing with dross on here so don't bother with it now.

holding long and strong

Can buy even a small amount

RNS Number : 2545J

Aminex PLC

16 August 2019

16 August 2019

Aminex plc

("Aminex" or "the Company")

Ruvuma Farm-Out, Operations and Corporate Update

Aminex, the gas exploration and production company focused on Tanzania is pleased to provide an update to shareholders.

Highlights:

-- Aminex awaits Tanzanian Government approval for Ruvuma Farm-Out to ARA Petroleum Tanzania Limited post long-stop date extension to 31 October 2019. The ongoing review of all oil and gas companies' Production Sharing Agreements ("PSAs") in-country continues to be the cause of the delay

-- Reprocessing of the select 2D seismic lines over the Kiliwani North Development Licence acreage complete

-- Monthly G&A expenses reduced by approximately 34% from 2018 levels
John Bell, Chairman of Aminex said:

"We have cut costs to appropriate levels and we are awaiting Tanzanian Government approval to move forward with the Ruvuma farm-out to ARA Petroleum of Oman, which upon completion will deliver a $5m cash inflow and a $35 million carry through the further appraisal and development of the Ntorya gas-field. In the meantime, progress is being made at Kiliwani."

Ruvuma Farm-Out

Further to the Company's announcement on 29 July 2019 that the longstop date for completion of the Ruvuma Farm-Out to ARA Petroleum Tanzania Limited was extended to 31 October 2019, the Company continues to await Tanzanian Government approval to gain an extension of the Mtwara Licence and transfer of the interest and operatorship of the PSA. All holders of PSAs are similarly awaiting the outcome of a review by the Attorney General's office. The Company will update shareholders further in due course.

Kiliwani North Operations

The reprocessing of the select 2D seismic lines over the Kiliwani North Development Licence acreage is complete with minor re-iterations requested from the processor. Data from the reprocessing will benefit the design of a 3D seismic survey and remapping of the licence, using the reprocessed lines, will occur once we have received the final data. The Company continues to source equipment to perform the re-entry and remedial work on Kiliwani North-1. The re-entry, which has been designed to be carried out at minimal costs, is of value to investigate fluid levels in the well and provide an accurate bottom hole pressure measurement which will provide useful reservoir data for future operations and production and equipment is being ordered. The Company will update shareholders when further progress has been made.

Corporate Update

Further to its presentation at this year's Annual General Meeting, the Company has continued with its commitment to reduce its General and Administration (G&A) expenses, particularly given the delays in completion of the Ruvuma Farm-Out. On a like-for-like basis, the current monthly G&A expense for the Group has been reduced by approximately 34% from 2018 levels. The Board will continue to closely monitor

18.5% up now

0.90 paid for 753k !

Probably a lot better than most PIs

Strong Finish

3.5% up

0.29 / 0.30

Somone still fancies it

Late 300K buy, £24K

Monetise options reads to me otter financial options not just a sale?

TIDMSOU
RNS Number : 9389I
Sound Energy PLC
14 August 2019
14 August 2019
Sound Energy plc
("Sound Energy" or the "Company")
Board Change Update
Sound Energy, the Moroccan focused upstream gas company, announced on 14 May 2019 that David Clarkson, a non-executive director of the Company, had informed the Company of his intention to step down from the Board on 13 August 2019 following a transitional period around the appointment of a new non-executive director. Following the appointment of Simon Davies as non-executive chairman of the Company on 23 May 2019, David Clarkson has resigned, as planned, as a director of the Company with immediate effect.
The Company also announces, further to the Company's announcement of 23 January 2018, that the Board has asked James Parsons, the Company's Chief Executive Officer, and he has agreed to remain in his current role whilst the Company continues to explore monetisation options available to the Company in respect of its Eastern Morocco portfolio. This marketing process is ongoing and the Company continues to expect the results to be known prior to the end of 2019.

some are happy to continue loading up

premium paid 8.44p per share

The 18m is a buy that’s £49.5k plus an 8m

Bodes well for next week

Spot on as usual Mix

Hi Cabby I ve aways used Halifax. No problems so far

Mon, 29th Jul 2019 07:00
RNS Number : 9481G
Echo Energy PLC
29 July 2019

29 July 2019

Echo Energy
("Echo" or the "Company")

Tapi Aike Progress Update

Echo Energy, the Latin American-focused upstream oil and gas company, announces that initial seismic processing of data from the 3D seismic survey conducted over the 414km eastern cube (Chiripa Oeste) at Tapi Aike, its licence in Argentina's Santa Cruz province is now complete.

Analysis on this processed data is currently being conducted by a team of geophysical specialists. Early interpretations highlight a similar amplitude feature that was recognised during the interpretation of the 2D seismic. Current analysis is focused on the geological understanding of the feature identified in the seismic data. This will provide Echo, and its partner and licence operator Compan~i�a General de Combustibles S.A., further input into prospect generation on the eastern survey as it progresses towards identifying drill locations on the block.

As announced on 19 June 2019, 3D seismic on the western cube (Travesia de Arriba) of 790 km is currently being processed by Seismic Prospect S.R.L in Buenos Aires following the earlier completion of seismic acquisition. Technical work remains on track and an update will be provided to investors in due course.

The continuing positive progression of the seismic programme on schedule represents important steps in the delivery of the exploration campaign targeting the spudding of wells during Q4 2019.