Member Info for Brocksford

I'm down 75% and have decided to leave it even if I end up with nothing.

That's definitely not investment advice!

With a very hefty five figure loss.
I don't really understand the situation we are in now. I was worried the share may become untradeable resulting in a 100% loss.
I wish everyone well.

He's always at his most convincing when he is talking about the nuts and bolts of drilling. I thought that as well as being upbeat he looked quite healthy. I'm telling myself that's a good sign (might be delusional but let's hope not).

I think the strategy is to wear the board down by covering the whole history of COPL!

I wonder if the restrictions in the application (to appease the objector) is what has upset XOP today.

need a bucket of popcorn before it gets to us

I don't think this will fly away today simply because this share never does. I'm very encouraged that Art has recognised he can't exploit all the resources on his own. Everything about the interview yesterday was good and if we get the RBL by the end of this month then fantastic. Art should be good at negotiating a decent JV as his record at striking deals is good, it's fund raising he is pants at. He's not quite there with the comms yet but he is much improved and is clearly trying harder.

Hull, there is a RNS about the delay.

On this board. We watched the meeting by video link and COPL never appeared. Subsequent investigation (not by me) revealed Art had withdrawn the request so that he can sort it out before October's meeting. The objector is known to Art and he believes he can fix it before it is heard.

The flaring meet was deferred a month. There is an objector and Art is hoping to reach an agreement with them before the request is heard again.

Looks loke some sort of reduced royalty rate might get it through. They have a valid point in that Art has not produced a detailed plan of how the flaring will tke place and how it can be measured.

The pdf document that shows the application and the objections. The objections don't look like things that are going to be easily waved aside.

The thing I like about this RNS is that it reads like it is written by grown up people who are running a proper business. I don't think that can be said of some of the previous information releases.

It's just an update on the RBL at end Q3,
The new dedline to achieve it seems to be end Q4.
If he hasn't achieved it by then he has the option of resorting to his normal method of fund raising.
Fingers crossed they get the RBL sorted.

I want to hear RBL, RBL, RBL, and nothing along the lines of there's no immediate need for a placing.

I'm glad Shouston was there in person to report a fairly positive impression because I was hoping for a bit more in the RNS. For me it's just a case of sit on paper losses and hope the proposed plans actually come to fruition.

Angus, whether it goes to 12p or not you and starting to sound like a twit.

Bob, they'll be offering you a seat on the board if you but any more.

Averaged down from 36p to 29p, surely this will get back past 30?????

It all adds to the confidence level about the new find.