Member Info for Castaway

Would be nice to know whats going on with flow rates - I am getting a little concerned - AM has published rates at the beginning of each month (3rd or 4th). I know he told bumpkin he was on hols til the 8th but Dominion should have given him the monthly figures last week so why has he not passed them on?

Lets hope so!

We may get news on further drills and a fix to sort out flow rates on I1

Unfortunately I agree

current s/p I thought it was good at 6p but 4p is a bargain - I should have waited AIM has been dreadfull the last 6 months and there are so many bargains to be had - just wish I had spare cash.

if we are about to get good news - this has been on the up for a week or two

starting to look interesting - someone is loading up 2 big buys this morning volume already over daily average

The £mil is due from 16.66% net entitlement from expected income (assuming production is 270 boepd - which the co. says is expected from tests) from the first well. And as terry says there are 2 more to come. This is well undervalued due to endless delays (out of management control) caused mainly by bad luck this initial production should have been happening over a year ago and the well has been in clean up for the past 3 months. If production figures are as expected this is going to be a very good investment at this s/p

Yes I agree that there will not be an increase in s/p to previous levels 20p+ but when we get full production I think this will go beyond 8p in the short term.There has been dilution due to placings to pay for working capital because of delays of over a year. However once we get full production and news on future wells this will go up - I am looking for 12-18p in the near future. This does depend on getting production figures that have been stated 270 boepd and this may not come until April - I have a feeling that there will be lost production in March due to cleanup (see previous RNS) But surely it can only go up from here - I am heavily invested here so i hope so!

I think this is looking good at the moment - weathers going to improve repairs will get done and production will increase. Think all trades today are buys asks gone up all day and the trades are all just over bid and i paid just over bid too for my top up - if the next RNS is good this will get a good rise.

Just purchased a few more - I got quoated exactly the same price to buy and to sell?

As we are awaiting the latest production figures it is worth reflecting on what we should expect when full production is acheived - per RNS 270 boepd 16.66% entitlement to SLME for 1 year = 16418 boe @ $97 per barrel(WTI crude) = $1,592,546 = £1,051,080 Current market capital of co. 34,545,072 @5.25p = £1,813,616 Once (if/when) we get production as expected this will multibag from this very low base. I just hope they have finally sorted out production! Roll on the 8th of April and lets hope its good news for a change

There was a placing rasing £317,000 in January and £5 mil SEDA agreement in place for future wells - so should be funded for a few months at least and we are now producing! Cheers Cast

There are around 11 mil shs not in hands of directors or II's or large shareholders if you take out several big holdings from posters on this board that is down further too The last placing was at 7p I would think most people have a higher average than the current price - I do! The s/p has slid due to many delays in producing first gas/condensate due to bad luck not poor management When we eventually get full production from the initial well this current s/p will seem very cheap! This is only my opinion - check previous posts and the co's website Good luck Cast

Personally I think we will get an RNS Monday but if we don't as you say we shouldn't get negative. The problem is that most (including me) thought the process of cleaning up the well and getting full flow rates would be happening sooner. If we get good flow rates people soon change their view - all doom and gloom now but as soon as the s/p rises and it does very quickly in this share all the negativity will be forgotten GLA - seems we need a bit of luck in SLME!

11 mil shs in free float - there are also a few people on this board with significant holdings - the shares available for trading must be very limited

There should be an RNS with Feb's production - I hope its good! I have been in and out of this company for over a year - and am heavily invested now (for me) All the placings have been higher than current share price so people believe this will come good - as do I. Topped up today again this company has a good strategy but has had bad luck beyond the control of the management - but we have production now and finance for future wells so (hopefully) this is the lowest point. We will see.......

Morning I recently bought in here looks undervalued to me was going to get in at 6p but the drop was an added bonus there have been some odd trades this week I presume its due to some II shenanigans - very convenient drop for Henderson to buld up their holding - lucky to pick up a few myself

probably preparing for the RNS on Monday showing a commercial flow rate of 400 bopd + gas......... probably not but maybe by early March..... earlier would be nice

oops tables don't post well but basically BOPD on left gives shareprice on right