Member Info for BlackHopper

He's reading all this snaffle, having a little chuckle and loving the attention. Whatever....

I think he has not risen yet 'cos he knows i was fishing for him.... and because the 'job' has been done for him.

Looking for that Twitter 'rig convoy' post next.....

Morning Rubey, It will happen, that's for sure. This trading zone sure is providing a tasty opportunity for those not in but I suspect they feel they have some time yet before piling in.

Who knows.

Frustrating for those already invested but the timelines to WN-B are hardly long so it's not as if a huge amount of determination is required from here. It's all psychological. You had more money in you account last week than this and it's frustrating to see. The initial Romanian result was not as expected. The UK drill is the thing most are really excited about of course.

If and when that B1 drill hits a big hydrocarbon zone in both KA and Cadeby this will go nuts. I'm really quite relaxed about it all I must say. If the SP is squeezed any more I will be adding to a level I previously said to myself i wouldn't.

This is a trading play taking place here, pure and simple. a game of chicken if you will. Cluck cluck.

I'm sure Persimmon's team have bought back in so you can join them now and await .78 on spud... what's your saying of the day dicky-dick?

(just some fun to pass the time... and do stay relaxed Phoebus, it's 'just trading' )

on here....

Well it has been a bit predictable the old SP. Very good for traders. Nothing much has happened and they have had a .78 to .63 swing in a few days on what is really very low volume.

The volume today has been nothing and yet the SP was close to 10% down at one point.

A great opportunity to add so close to the WN drill. I can almost feel all the watchers on the sidelines thinking.... give another couple of weeks yet.... Not my game but if you time it right it works well.

Phoebus, I think you speculation about the £5 mill facility is just that. Not having a go, just saying you cannot read it as a negative per se. It would make sense to have a reserve in place.

The big mystery of recent times for me was the DELT bid. Anyway, that has gone. We are just waiting for the rig to arrive and the twitter crew will be on it....

It's certainly very annoying to watch but at the same time it is 'standard fare' on AIM. The rig must surely arrive at WN-B soon and all eyes will be trained on that once activities commence.

Indeed Fyoz, WN-A is clearly not a 'duster' so the possibility of it all coming to nowt is.... well not possible. However, the B drills are obviously very important, as is the A2 EWT. IMIC-2 would be good to have as a winner too!

yes, they might but it won't stay there long.... remember what happened last time they did.......

probably the only connection worth mentioning is that some who have made a massive load of profit at GGP will move it over to SOLG that has yet to get started.....

However, given SOLG's massive II/corporate ownership and significant MCap, it's more to do with the entity playing with the SP stopping that 'game'. When they do that is up to them, but SOLG will rise when the cords are cut. Next few weeks look interesting.......

No, that dos not sound like they are expecting a lot of gas to flow!

Clearly the data after drilling was good enought for them to prepare to finish the well as a producer so they must have been confident. They have the other intervals too but i would assume they will shift their focus to IMIC-2 now and hopefully get a result there.

The main rig should arrive WN any time I'd presume. Has the conductor casing had enough time to set? takes a week to set the rig up too...... a few more eggs just moved into the WN basket

Yes, just looked. IOG expressing an interest. Makes more sense for them but they have plenty to get on with already so i expect they would want DELT at a competative price.

In the meantime.... we must be on the cusp of next news and progress. I was happily away from desk most of last week and barely watching but back in place this coming week. I think things could start to warm up over the coming days.....

News on this literally anytime now!

I think you have confused investor with trader there

Go watch BB. You’ll get the idea.

HF bath ..... like in Breaking Bad.... straight through to the basement ;-)

GP you are entirely correct of course and P knows it.

Nice to see he can’t leave it alone. Getting a bit nervy for him.

What he needs is a good shot of acid applied. I can assist if required :-)

Amen to that.

Acid in the hole in R

Go acid, go!

Looking at the ADX website again, when they were awarded the licence to the Parta area of 1221 square KM in 2011, they were committed under that provision to undertake certain activites. This is common where licences are awarded of course.

They needed to reprocess some existing seismic, drill 2 wells and then acquire 100km of new 2 and 3D seismic.

I don't know about the reprocessing but the wells we know about and the 2D was to be in the Parta Sole Risk area, nothing to do with Tamaska's commitment to 3D. So today's news is only to do with that 3D commitment. This was a way of getting one of the necessary jobs done and paying for it by handing over 50% of the rights to the wider area, not the Sole Risk area where the current drill are located. I am assuming once 1 and 2 are done they will look at that new 2D seismic.

It has obviously ****ed off the ADX management no end as they thought they had a deal. I expect they will be seriously considering some regress. But none of this has any financial implication for RBD. It is a pain, as it is a distraction for ADX's management. It may conversely offer a new opportunity for RBD further on.

ADX mention 11 existing targets but it would definitely be good to get drills 1 and 2 flowing first and understand the data from those. I do wonder whether ADX can be accused of taking their eye off the ball but if Tamaska /PE were saying all was fine then how would they know.

Of much more immediate concern it the outcome of the acidisation process to IMIC-1 which should have commenced.... and of much much more concern than that is the outcome of the WN-B1 drill... what's that I can see over the ridge? is it a rig......

Krull, we weren't paying for it.

It... the seismic. We.... Danube (50% owned by RBD)

The seismic was 'worth' £1.5 million but gave Tamaska 50% of GREATER PARTA AREA. NOT Parta Sole Risk zone where IMIC-1 and 2 are.

There never was any cost to RBD and there still is not.

Apparently we have to 'pick up the tab' though. Or someone does. Percy is writing BS as usual and note:

He knows this and is rapidly trying to switch back to Cali where he can prate on about a load of vague, dodgey 'in the future' stuff.

If RBD was a basket with 50 eggs in it (one for you percy) then at least 40 and perhaps 42-3 of those eggs have the WH stamp. a half dozen have Parta and perhaps 2 useful eggs that keep laying more small egglets are Cali.

Corallian eggs are invisible at present but exist as a theoretical extra couple of dozen for later.

Make NO MISTAKE. Today's SP correction is pure AIM nonsense and sell now at your peril.

Ah Percy, like a dog with a new toy. So predictable.

On foot in town and will address this later but the real takeaway here is how AIM works. A pretty neutral RNS to RBD can be used to drop the SP by a significant fraction and the house-troll can use the phrase ‘pick up the tab’. Incredible. Well actually not.

Previously you have claimed that Parta did not even matter. This by dint of the ‘all eggs in one basket’ line you have been peddling. Well, you cannot have it both ways so does it matter or not?

It’s what they do Ruben. It’s how they make money. We should have Sharetalk, Brokerman. Oil Jim and twitter fest is short order.

One could of course have been making money elsewhere to time a return here. This is the kind of approach I have attempted elsewhere but I have not done so here as I fully expected a return to .9p raise price by this stage.

I cannot be right about everything BUT happily a lot of investors who know all about WN will have made a LOT of money over the summer on other things. They, correct as it seems, will have been hoping to hop onto this stationary train say mid-September to ride the big news express ( no rocket emoji’s !) to Wonga Gulch.

This will be being eyed up by said canny dogs now.

So expect another random 20% gain day in the next fortnight.