Member Info for Chesh

Hey Mr Perkin,

thanks for the update....... been watching for while now, not bought yet though (waiting on others, as always :)

I see steve replied on a new thread........ tells a tale :)

All the best (look forward to joining up, if one or two of me others decides to allow, ffs :)

Meanings:-

ring fence:- "guarantee that (funds allocated for a particular purpose) will not be spent on anything else."

legally carve out:- "A carve-out is the partial divestiture of a business unit in which a parent company sells minority interest of a child company to outside investors. ... A carve-out allows a company to capitalize on a business segment that may not be part of its core operations."

All the best (looks like they're in control, as expected :)

Damn the poor timing of the drop.....!

but ain't that always the case :(

All the best (excellent price CC, I'm obvs jealous :)

And that has just sent ripples through MM's Matrix style...... :)

0.1033 to buy, and 0.1041 to sell on a dummy trade..... :)

All the best (not often seen that.........!)

Delayed large, below the Bid :(

Someones not convinced.........!

All the best (good luck, whoever you are!)

Certainly had a negative effect on UKOG.......!

dya reckon that's it....? selling over and done now, hold the rest...?

All the best (just out of interest :)

"Steeldrum is also the parent company of Talon Well Services Ltd ("Talon"), which owns a drilling rig, suitable for the Company's planned exploration activities in the South West Peninsula, and a production rig located in Trinidad. The purchase of Talon is not part of the transaction and the parties have entered into an agreement to ring fence Talon within the Columbus group until such time as it can be legally carved out from the Columbus group. As part of the transaction, Talon has granted Columbus preferential rates for the use of its two rigs."

ring fenced and legally carved out.......?

Have to admit.......... I'm lost :)

All the best (anybody?)

How many HH...........?

that's massive..........!

All the best (well highlighted :)

"Change of registered address

The Company notes that its registered office is now Suite 114, 90 Long Acre, London, WC2E 9RA. This move to a smaller London office is to manage our administrative cost in a prudent manner. There was no material cost associated with the move."

All the best (this one maybe of interest :)

"As set out in our Interim Results on 27 September, the Company's objective is for production from Trinidad to exceed 1,000 bopd by the end of 2018 and the consolidated group, post the Steeldrum transaction, is expected to remain operationally cash flow positive."

All the best (being as we're cherry picking :)

E-mail it to 'em trillsg.........!

they should be aware of it, but just in case..........!

All the best (worth a standard "news as and when" reply ....... lol)

Reckon they saw this coming, and hence the insurance policy, also known as the Lind facility......!

Just seen bigmj post, I'm sure he'll let us know....

All the best (wear a purple tie mj :)

Perhaps North Energy AG are a bit miffed that we've got involved,

maybe they were looking for a pay day if Steeldrum did default...........!

All the best (Conspiracy theories abound...... :)

For the financial year ended 31 December 2017, the Steeldrum group had US$13.7 million in assets, US$8.36 million in equity, US$5.36 million in liabilities (including a US$1.25 million loan repayable in 2020) and made a gross profit of US$0.83 million and net loss of US$1.96 million (after depreciation charges of US$1.56 million).

from RNS Number : 5253U 13 July,

Mentioned, but not to whom and repayable by 2020, I guess the dispute has just come to light...........!

All the best (we'll know more on or before Wednesday)

I look forward to our "Koot" explaining the North Energy loan and dispute....!

Has the dispute/possible default only just to light, or was it known about?

Makes no odds I suppose, as 1000bopd at the EOY looks nailed on now, and that's what the Lind facility was for...

All the best (chunky buy just gone through :)

*lose* not *loose*

although that's just a typo, not a prediction, the wind is in our favour...........!

All the best

Not long - again- till the court date........

Thursday in fact.....

As far as win/loose/adjournment vote we just don't know! hope it's a win and then we can all see the co. move on from this, and a SP react accordingly......!

All the best (and good luck all)

And then the 39p shout will be very much behind us.....!

eh Riz..........?

All the best (fuel the UK :)

"The demand is too strong to wait for a small company to build a pilot plant over 12 months."

First won't necessarily be a leap of faith then, testing proves to concept, scaling up is kicker.....!

First to the prize wins, and gets it cheap IMO, after that, they'll have to pay proper money :)

All the best (leap of faith, or win the race?)

Damn it.......... good effort though Snowman...!

Watch the next patent be in Bolivia....... lol

All the best (there isn't many corners of the mining world we don't have a patent)