Member Info for Castaway

Dibs - The market looks a bit underwhelmed by the reults - could be a slow burner, lets see what happens next week

Yes results improving, debt being paid off, production stable and now all we need is a farm out - hopefully the bottom has been reached and its all up from here.

I hope they are not going to wait til Friday because its bad news. There have been some big buys this week but its down 8% on Google this morning so I get the impression some think this is going lower.

Yes there seems to have been a change over the last few days - as you say results for the year may not be good but hopefully things are changing - well someone thinks so, some large trades today - I topped up myself, reducing my average so lets hope it carries on next week!

its starting to look a bit healthier

Vol well above average (admitedly from a very low level) s/p increasing - yes bjp1 msut be news soon - I hope ite good!

I agree with your sentiment - but there are always people saying there's trouble (when a s/p drops) and I believe you have to take what the co. says and other research to make your own judgement and if I had been given the facts that the co. was in default or about to be at the beginning of the year (even though there had just been a placing!) I would not have bought more shares. I don't feel the board have been totally honest and we should have been told about the finances before we have. I understand the reason - they thought production was imminent but it didn't happen. Lets hope there is a solution but to be honest, I agree, it does not look good.

together and buy the co.? - Joking but there are some big s/holders that will lose lots and probably could buy the co. at this s/p

Yes mate no wonder they didn't reply - I thought we owed a lot more than we were told about! - I am in the same position as you averaged down on the information we as s/holders were provided with - AM has withheld price sensitive info IMHO. Yes as you say lessons learnt - expensive ones! GLA Cast

is the s/p holding or even a (very) slight recovery? After that comment its slide again now!

Thanks I missed the post - yes a bad day all round - lets just hope it comes out of suspension with some value for current PI's or maybe just comes out of suspension! Cheers Cast

I hope you get a response - Its better than doing nothing! Anybody been in contact with AM lately?

Good luck with your emal to Dominion I emailed them with similar questions about 5 weeks ago and got no reply! ATB Cast

Agree also - but this is AIM anything seems to be acceptable!

Thanks

Have you got a link for the board on advfn? - Not an expert on CVA's but you basically give the creditors some cash to get off your back - their happy cos something is better than nothing- and if they force liquidation they will get nothing - I have seen it used when a co is already on AIM but is not trading and has debts - a new board comes along and offers the creditors say 10% of their debt - they go away and the new co is then a clean AIM registered shell i.e. PIRI/KENV - this is not good for us as K80. said we will get a penny in the pound as we will have shares in the new co but with massive dilution

I believe you pay your fee for the RNS service you can issue as many RNS's as you like - please correct me if you know otherwise.

Absolutely!

I don't want to shoot the messanger but as far as gas price is concerned - I have just checked US gas price it is at about $4 MMbtu double the price of gas in mid 2012 and and around the same as 2011 so I don't understand how they can say the field is not profitable - the condensate was the real monymaker anyway. That is unless they are not able to produce the levels of gas and condensate that have already been achieved in the testing of the rig. The other thing that is odd is that they reckon shareholders will get 1p in the pound (if lucky) - from what value? In my experience you get nothing being a s/holder of an aim liquidated co. Sorry not having a dig at you -but this does not add up to me. There must be more to this!

I apreciate what you are saying but I don't understand why the board have disclosed this information without informing the market