Member Info for British_Mike

It was an early interview during drilling campaign. Always been in the back of my mind since and watching the sp fall from £2.60 to 26p over the years has been sad state of affairs. I'm just holding hoping one day PRE delivers

Is a good way of going about that goal

IPO 16p all the way to £2.60 back down to 16p. I remember an early interview when Paul Atherely stated PRE did not, in the long-term, want retail investors. Well, this

Wouldn't get too excited. I know nothing of ENGR but WSBN mc of £1m and ENGR ? New company mc of £30m (if that's what you're saying) then surely there will be 30 WSBN shares per 1 share of the new company... why else would a new company bail out a dead WSBN and make their shareholders rich out of it. WSBN has nothing left as the director destroyed it. I'm sure directors will get nice options in the new company and WSBN shareholders get shafted.

I feel sorry for the chap who went all-in on WSBN before Redsetter 1st drilling at 17p or whatever it was

MrCautious

Sorry, must be some confusion as I never said I bought in at 0.40p. I did actually buy in sub 1p before first well then sold out as was more gas than oil. Later realised the bigger game and bought back in at a higher price meaning I'm actually sitting on a paper loss. Doesn't change my thought that CH is getting too much grief lately after what he has done so far.

Just to be clear though - I am positive now but am thinking CH needs to push ZPHR into production asap now. The respect is soon lost if it goes from being productive to suddenly stalling... like what PG is now started to do at PRD now etc.

ZPHR need to push forward now in 2025.

Let's see what 2025 brings.

All I know is when CH took over at renamed to ZPHR the sp was around 0.40p and peaked at 7.5 (19 bagger) and is currently sitting at 3.4p (8 x takeover price). People moan about drop in sp... look where we are now sp wise than when CH took over. Respect. Good luck all.

Goldwish they drilled Redsetter (even talk of two drill rigs) and nothing decent reported over a year on... if it was that special they would've gone back by now. WSBN is dead, 95% down on investment but the latest raise will ensure top of the tree will enjoy turkey and fine wine this Christmas

What's happened about diamond core drilling at Redsetter and "creating shareholder value for the remaining 2024" ? (Sarcasm intended)

"The Company continues its strategy of exploration on its properties in Australia. We look forward to bringing more good news to all of you in the second half of 2024, creating more value for our shareholders."

A lot has to happen over thr next 12 weeks to get this back to 10p a share.

Diggit - From what I can see is diamond core drilling at Cottesole finished in March and last year Red Setter was due to be drilled in April but was delayed by a cyclone. Therefore we should have started diamond core drilling at Red Setter from April/May this year. No RNS to announce drilling has started yet snd we are now in July.

Diggit - Thanks, but on my RNS history screen (on this website) it shows RNS 22nd Nov 2023 and the next is 4th December 2023... so I have not seen an RNS dated 2nd Dec 2023.

Wasn't there supposed to be diamond core drilling at Red Setter straight after diamond core drilling at Cottesloe finished last year?

If Red Setter is as fantastic as WSBN say it is then why 7 months onwards nothing going on there? Wasn't we supposed to have multiple drills working there at one point as Red Setter was so promissing back in the early days.

7 months and counting news black out for Red Setter

Which historical wells around where 36-2 might they be Adon? Thought 36 well was a wildcat in a new part of Crane Creek so carries many unknowns.

Red Setter? 6 months since last update

Is there oil here in the Cane Creek fan... or just gas? Hence sp response

Wouldn't get too excited about late well RNS as being positive - BPC over-run on their well... only to later find out they had to retrace and then sidetrack around a broken drill which then pushed on into a duster

Theres a WSBN facebook post 30mins ago showing more core

BBC News mentions 100 new licences (900 blocks) up for grabs in the North Sea.

What I don't get is B1 was part of a must drill "pull the trigger on drilling" target - they missed it by drilling through the gap in the middle of B1 and a feeder.

Now, it's B1 is priority target... but we are too scared to drill it now incase it's a duster - as we are only an exploration company :-)

Scipio it's worth mentioning RS is twice the size and at half the depth of Havieron.