Member Info for Bladey

I wouldn't say this to anyone in general, but scum like you muscles12 deserve to lose your cash, u might be gutted, but that's the best bit of news I've heard here today. The quicker scum like you lose all your cash, the quicker you'll be gone from here and getting back to your job in lidl lol

Think Align are buying more in the lows here, as they were after more than 15M yesterday but broker could only fill 15M. Someones buying in 500K/1M clumps in the 61 range. MM's will keep it here until order is filled.

Also I do believe this is the risk/reward Align were referring to, as in reference of forward path for other projects....either that or they know more than us and have comms with the BoD.

I can understand where SI is coming from as i'm in the same position which is why I'd like to know where the timeline is with the other projects. They were in advance stages, so the funding may have changed IF Buffalo is out of the picture but not impossible as many companies in the O&G sector start out this way.

I still have no issues with the BoD, they worked from dataset, (which I still can't believe could be so out), and the independent analysis done through DUG with the 3D Seismic on an existing producing basin.

As SI states, another funding/funded project and we're back in the game and yes 1-2p very possible.

It's excellent progress for this company, and a large contract like this with a Major U.S company bodes well for future contracts. Time for this company to upgrade, with a small debt and now cash coming in after the covid disaster most companies faced last 2 years.

@Grezzz, they'll be assessing all avenues. I do understand the situation with TL Govt. and you could be right .. they're hungry for cash to come in and B10 Was a big thing for them too.

I think I'll wait for wireline logs evaluated and an official RNS from the BoD, ta mate. I derisked at the top, but still have loads of shares left and can wait for good or bad news from the company themselves.

@ Rufman, there is only one thing we can assess from the current situation as it stands. There has been no RNS from the company which means they're still evaluating the wireline data. The fact that they only see a 12M column must seem a massive disparity between those readings and the 3D seismic dataset using state-of-the-art full waveform inversion. Which we have to remember was done independently by DUG.

One could understand a difference of 20 metres either more or less than the anticipated 80 metre column, (ie, 100m or 60m), but a difference of 68 Metres seems very odd. 20-30 years ago you could get away with a mistake like that with the tech back then.

I've looked at the seismic a few times during and more after preliminary results, and to me seems bang on. Yes I'm no O&G expert, but the presentation is made simply for investors to be able to translate into simple terms.

CVN, have said, (via interview, not RNS), that they will be walking away if not commercial success to their degree. As I've said They have other other assets to develop and are not generating any cash atm.

Question is now why the discrepancy in column length... faulty imaging sensor? or incorrect readings? All we know is the data is still being assessed here. Alongside this is the other two assets and where we are with those.

37M shares in issue, very low float. This could potentially move very fast north when valuation sets in for just this one Major contract.

Looks good and if £9M see's the company sp at over 50p. With maybe other major contracts to follow

Oh we playing little policemen? over and out lmao... yes thanks, you out preferably.

@PiratePete, Firstly I was replying in jest to steves post, bit dense of you not to see thru that post.

Secondly, it's not a ramp.... and even if it was, i'm invested, you're not...so why u commenting??

Thirdly, you're taking news from an interview?? When the company haven't rns'd their official position. seriously?

Lol.. we'd shoot to 10p quicker than we fell from 5p

MM's took it that low to fill the buy order,was the only way to spook remaining holders.

Yep still no RNS, which means they're really re-testing and re-evaluating logs. 12M is not right. Look at the 3d Seismic done by dug. How is it possible to miss lol

..and Align Research have come forward as the purchaser. Not only that, they filed for more but that's all that got filled. Have they been having a chat with LP?

That was always the plan Pitlick, the rig was only to be used to drill the well and then plugged. Extracting the oil was to be done without a rig by "Floating production and storage", (FPSO). It's then an asset.

I've been looking at the 3d Seismics done by DUG, still cannot see how they could've missed the attic.. somethings amiss hence the delay in analysis.

Assuming the imaging sensor was faulty, a replacement will have to be sourced if not on site.. re-sent down hole and a better understanding of column determined including the length and porosity. With i3E I think it took 3 days iirc... but could be sooner.

No Calamari YOU are clueless.. they use the sensors to affirm the results from the seismic, IF that sensor was faulty then it wouldn't match up to the seismic.

As per usual, just doing your best to protect your short eh...

The massive column discrepancy never made sense to me... Come on there's a massive difference between 12 and 80 metres!

Even if they said 60M in the first RNS yesterday, I could ok, that's not much of a discrepancy, BUT missing 68Metres after an accurate seismic with an independent Analyst doesn't make sense tbh.