Member Info for bobbbyrash

Bargain. Wish I could top up at this price

Also good to see terrier back in a more positive frame of mind!

Reveal. I can spell. Dam predictive text!

I fully agree sea7 . Until we have numbers of barrels confirmed and amounts of gas being sold then we won't get the re rate that will then be justified. I'm in no bother, I can wait however long it takes to build infrastructure, connect the gas. Increase oil production, drill more wells, prove up the huge gas play. All will reviel itself in 2020 and beyond. I'm here for the journey and hopefully the big rewards down the line. :-) good news today btw.

EXMEX give us a bit of yazz The only way is up! Oooooh baby, the only way is up!

Hi hepseal. I hope Bago have been cracking on getting the infrastructure ready and it would be fantastic if they are ready to take gas from 16 and 38 at the start of Jan. Who knows maybe PH is waiting to release a bumper new year RNS. We shall see! There has been a lot of ground work taking place these last 6 months and everything is slowly starting to fall into place. Maybe the problems at 16 have been a blessing in disguise as in the bod know they must be careful going forward and had the issues not arose before the drilling of 38 then a similar mistake may have been made there also. We all want the oil to flow but we know the gas is huge here and maybe now they are taking their time a bit more in order to have the greatest chance of success. It looks like lessons will have been learned if 38 is a success and that bodes well for all future drills.. slowly slowly and all that

The last RNS from 30th Oct said Bago would start purchasing the gas during Q1 2020 so I am not personally expecting gas sales to commence so quickly at the start of Jan , however I would be happy if they do!

Thanks Nico. I expect some positive news on 16z very soon also. Maybe it won't produce the 700+ bopd but with some successful intervention and managing to isolate a lot of the water ingress I hope around the original 325bopd as stated could be achieved and sustained which would be a big bonus for the cash flow going forward.

I suspect 50p being hit in 2020 . Loads of gas down there . Bring it out carefully PH ! Take your time . Some people seem to think you should already have 600bcf proved up. Not me . I can wait :-)

If you disregard the upcoming tests and drills I think at the current mcap we must be undervalued for a company producing circa 2500boepd? Looks like we need firm results now from the test and next well to give the sp a much needed kick in the ass!

Boris effect lol or just way too cheap now.

V111 I disagree with the part when you suggest the sp has declined due to pi's selling or reducing their holding. The sp has been dropped to this level again for another reason in my opinion. When it dropped below 7p a few weeks ago there were a flurry of buys but the sp kept dripping down even after buys. Then a few sells and the mm's were quick to drop it more then when it dropped under 6p many buys again including my own at 5.95p but sure enough it dropped down nearly on every trade. All the buys at 5.35p did nothing just a quick spike for an hour then a few sells and it's quick to drop. Today constant buys but not moved. as terrier said had they been sells we would be down 10% in a flash. Yesterday we finished red after 80k buys v 40k sells.. work that one out. I have the feeling the smart are quietly loading up whilst a few worried pi's gift their shares. Just my opinion!

We will be selling our gas to Bago for use in country but once it's sold I couldn't care less if Bago want to export it.

The tweets about Georgia are just general, showing positivity about the country and the investment. We know block are not pumping gas into the new pipeline. Relax all of you, this is an investment not a quick trade for me. Some of you seem to be eager to trade or sell. I'm massively down but once the oil and gas is flowing and being sold and we prove up a massive resource then things will change . I want good news as much as the next but just hold on and wait. :-)

They did state 5-6 weeks for completion and testing if they moved on to that phase so at at rough guess end of Jan for news?

Correct bskiny1 . Facts and information only please , non of this "I'm delighted" cr@p spouted by F. The gas will do the talking. We don't need b@llsht from over exuberant CEO's that turn out to be misleading. I like the way Martin is doing exactly what it said on the tin (up to now) ! Lets hope for good gas flow rates and connection to the pipeline for monetisation then imo there will be no looking back.

My initial reaction was a very positive RNS. Let the testing begin! They encountered all the zones they were after and ahead of schedule. Next spud due in a matter of weeks. Looking good heading into new year!

More suggestions please . Prize for the best quote!

Off topic I was looking at private car registrations last night and I had to laugh when the sports car it was showing on the website had a reg 'PH 1' for our CEO!

I'm thinking/hoping any time next week for preliminary results.... Lets hope we hit a lot of gas and get a firework up this sp!