Member Info for Bridgedogg1

Consolidation..

I very much doubt we got unsolicited offer of cash so that they could immediately sell them in the market. This is someone who wants a piece of Charlie 1.

Holding for drill so not too bothered by the fall on asx but would rather see it going the other way! Next operational update should come soon.

Peru seems to be developing well. If we farm in with the local operator to drill we also get a performance bond that adds to the cash balance.

An experienced local operator with onshore drilling capability has expressed a desire to drill the well, farming-in by contributing a substantial portion of the costs in return for equity in the Block. Drilling this well would be a low-cost operation, estimated at US$1.4 million (gross) with two independent reservoir targets which would offer shareholders drilling activity during 2020 and the potential for significant additional value on discovery.

Certainly £100m in the bank would do wonders for the share price!

2 of the last 3 trades were mine, they were definitely buys. Maybe I should have waited a few days but fortune favours the brave and all that. Made a few buys today but dont have a huge position. This has been pushed right down on the assumption that a cash raising is coming. There is a bit of cash in the bank and the April debt can be pushed back. Theres some nice assets there for a £1m mcap and some near time prospects that may influence the SP.
I dont think they will raise until some solid news has pushed this up a bit though i expect the cash raising (if there is one) will be at around or slightly higher these levels. Also (if there is one) I expect a small amount to be raised only. IMO

This stock is going to explode on good news.

I hate these sorts of comments but felt the need to express my thoughts. Regardless of the ramping, deramping, traders, whining, arguments - the next few updates are going to determine what happens with the price here. IMO news will serve to more the price strongly and quickly up, to better reflect the asset value and potential here. Appreciate other have different views.

Everyone should have a strategy but be flexible to news. Nothin changes here and all on track so no real reason to sell unless yuo desperatley need money? Cash has been raised, fully funded drill++, spud coming soon. Wont get much cheaper than this IMO.

All seems to be moving along nicely, glad to see action on site and production moving forward. Only concern at the moment is the share overhand and the number of Tellurian shares that could be dropped on us. Im not sure what the terms/restrictions where placed on the selling of shares up to the end of the 6-month orderly market provision, but that ceases on 7th February.

Getting 3.2 to buy and 2.7 to sell, man I hate IG, terrible prices

I’m invested and use the board for information and sharing thoughts and speculation. Traders fill up boards with absolute rubbish dependant on their very short term position. I’m not saying traders are bad or LTH are morally better it’s just that traders are very disruptive to the board.

It took Lekoil over seven years and some £75 million to bring the Otakikpo marginal field on stream

And now we are seeing the benefits the price has crashed. I agree best not to go back in time and invest in this 7 years ago but what you have said just highlights what a bargain this is at the moment. Regarding time scales, the projects are moving ahead with or without LEK. Should the funding be secured in the near term we will have a solid stake in a world class producing asset, if not theres a big payday on the sale.

Egold

I can’t understand why you are posting. You can’t possibly hope to influence the price and if you are short term trading you are not interested in the company. Isn’t there a trading board for you somewhere?

Assume Baron are still selling? Now that they are below 3% I guess we won’t get any more notifications? Could already be out.

Pboo 2m raises in December so hopefully just 1m required

it’s actually not the best word part of the RNS but as stated the GM cash raising is to raise the second deferred payment of £1m to complete the Tellurian deal. Not really new news.

Water issue fix scheduled for Feb (it’s 28 Jan)

Resumed production from Portland vertical (?) at 300bopd

Kimmeridge shut in until dual flow from both kimmeridge and Portland

Earlier production approval from OGA means booking income and reserves, CPR, reserves based lending.

£2m raised in December and additional cash available from YA if required so no new capital raising required

Locket moving forward

KIMMERIDGE appraisal well planned once cash flow positive

Perhaps someone could comment on the logging tool for get water fix?

Feeling much more relaxed about this now. Work on site. I'm now seeing no updates as a positive - why update if nothing has changed?
GLA

Hope it all comes good for you Jenny (and me) :)

Oh I see what you mean, that actually makes 20 March. :/

Well last update did say : "Operational activity for Charlie-1 progressing to plan for February 2020 spud"

So I'm guessing the ice road construction ramps up over time....

*shrugs*

LeMajor - I guess if we start mobilising soon it will be mid Feb spud (+20 days)

Ice road:
Start: 1st Jan (est)
Ice road progress update RNS: 25% in 15 days
Est completion: 60 days / end Feb

Can all change so just estimates at the moment. But without an estimated spud date (other than 'Feb') and using the date from the schedule linked today and the progress on the latest update I would estimate 20 Feb spud date.