Member Info for Calder5

Hi Ed,

Well done with that average, not many could have been buying at those levels. I bought a few in august at .24 then started buying more after the notice of the spud. There wasn’t much available and every trade I made was driving the price higher. Anyway I totally agree 6.4p is a massive win

If my CRC shares get to 6.4p in a couple of years I will feel pretty looked after.

34p ??

Possible Nige, however the very last 3 trades listed above were mine and were buys. A fourth buy at around 12:29 hasn’t appeared yet.

Just for info the current warrant situation now looks something like this:

70,000,000 @ 0.21p

141,000,000 @ 0.4p

53,000,000 @ 1.5p

200,000 @ 2.5p

We will receive £1m in January at 0.8p a share from our Executive Chairman with a further £8m available to draw. As this conversion is currently above the current share price it will have no negative effects. It’s unlikely that these shares will be sold and is a clear indication of the confidence AK has in the company.

There are cheap legacy warrants that we will see enter the market over the next months but in the greater scheme of things it’s nothing to be concerned about.

Feel your pain SteveE60. Got out of COPL at 1.7p three weeks ago and 60% down. Luckily put it all into Corcel around 0.45p.

Been buying here since early September starting at 0.26p. This might turn out to my best investment ever.

O Full Binga reservoir section (~80m) encountered in the well with identical zones encountered as in previous TO-13 well and oil shows throughout

Question: is this likely to lead to multiple horizontals between 13 & 14 wells.

Notification if T14 spud was on 13th November.

Next Friday is about 40 days since so I think it’s pushing it to expect news before Christmas. More likely to be mid January.

But you never know.

Mcfcnige, I would take mid term goals to relate to the full development of Kon 11 and Kon 12 fields and the acquisition of further blocks/jv’s. I Expect this to happen within a few years.

Tobias 14 will be completed in a few weeks.

Flow testing of T13 & T14 in Q1, data will used for design/implementation of an early production system with oil production expected in Q2.

How this is still sub £10m market cap, I have no idea.

Had a bad day Friday. Was doing a dummy trade of 1m shares to check price as HL wasn’t updating well. Managed to let phone slip out of hand and completed the sale. Been patiently waiting for this to come good and 60% down.

Price started to lift and I couldn’t bring myself to “average up”. Will see what happens this week maybe I will get back in. Put a some of it in Corcel, if good news comes there I will likely sell and swap back. Nightmare.

What was resolution 3? It seems a bit decisive a bit 60/40? What was that all about?

Been trying to look at the correlation between gas injection and oil recovery. The may 23 presentation has a chart on page 4. It’s hard to work out because it’s not scaled very well on the time axis but peak production seems to lag injection by about 4-6 weeks.

Thanks Gorgie,

It was similar to the graph at the end of that video but had a lot more info. It detailed actual daily injection, production and water rates. It also showed the point of reduction due to excessive pressures.

I will keep looking.

Definitely company slide.

I while ago I read a presentation with a slide that clearly showed the correlation of the NGL injection to recovery of oil. I can not find it anymore. Does anyone know of it and possibly share a link? Would like to see it again to look at the lag between injecting and production. Thanks in advance.

Thanks live long, appreciate the explanation.

Live long, for the less well informed such as myself could you explain what this publication means please?

Thanks in advance.

Damp squib.