Member Info for Cjm83

Why give all the good news before the name change that would be silly.

But then that is assuming 1: there is good news and 2: common sense is common.

Builder. Shhh. If gordo want to pay you 1p for your shares let him. 😎

That is why i said as long as we get news and SP rise based on their plan.

People should not be scared of raising, as long as we get news and progression in the SP.

This wont be a raise to pay staff on a jolly like other AIM shares.

MSMN is doing just fine, will they raise in the future possible of course but good news will hopefully always provide a reason why.

But for people on this board to suggest they will raise because other AIM companies do is BS. They are different effing companies. Either do some research or i bet you are in this because of twitter or some other reason.

So yes as an investor in MSMN i am prepared for a raise in the future but there is a hell of a lot of good news to cone first. That is my morning rant done.

When does the new name take effect? Maybe i missed it is the RNS.

the latest labour flier says energy security, but my local mp says they are increasing the windfall tax and that security is not oil and gas uk, but being bought from abroad. so propping up someone else economy. so i fear the worst for uk exploration companies.

apart from ithaca energy who bought eni's assets to not make a profit ( they have production to fall back on) most are getting out, the chinese cnooc probably get to not pay the tax. this is bad news for deltic and others who have exploration in the uk.

unfortunately now it is a case of go abroad and sell to the uk for higher prices and minus the windfall tax. as some have mentioned a ****e show. saying that sometimes positive things happen , pensacola ( i drilled the first one) may still get partners as again in the uk you have to spend all your money basically don't make a profit so you investment is actually a discount verse the tax you would have paid. shame pensacola appraisal was not already drilled and now in election 6 weeks fever projects stop had two fall through this week already for me personally.

i would if you think long term say this is a buy the asset has not changed just potentially the time scales.

The Mcap is only £2.84 Million. Any news that is positive at this level will improve our Sp. Dr Cooley is building more of a %, which give confidence as know one likes to lose money so he must be confident or at least more positive than negatives.

But it will take patience as ever. small upward steps are fine by me or at least steady until news.

I am out working the last day or two. Did they mention when this will be out of suspension. In any of those RNS’s

Also ENI sold their UK business to Ithaca Energy so have some cash to burn.

Bought £5k worth at 3.5p no issues at 08:07hrs

they might need to show they have money for the first drill as part of the approval process.

stick an out of hours rns out friday. because maybe just maybe next week we get the rns’s we were waiting for so from an sp point of view we leave 3.3p in the dust on the up.

part of it is we have all been burnt to often by **** management . the end goal does not change.

There would be chancers who bought Thursday hoping for the SP to rise . They will have sold into end Friday. Probably does not mean anything in the grand scheme of things.

Thats what she said.

Seriously yes with the current unknowns.

Ithaca have done the right thing buying my ENI’s UK assets. Better that than paying 70% all in tax burden in the UK. The more stablished players are protected with earnings abroad. So best re invest the money.

They are good people one of the best i have worked with over the last 2-3 years.

If or shall i say when Labour get in that tax rate increases to 80%.

Know wonder all investment goes abroad. All our gas majors are home grown so get hammered also.

Tescos made 3.1 bn profit but screwing the farmers and suppliers is ok in the UK governments eyes.

In some ways it has been like this for years with north sea oil. I have to get to the US t get paid correctly £65k in UK vs $225k US.

Anyways i digress. Ithaca is goi my to regroup in 2024 with lots of drilling 2025 onwards. This is a slow burn a great long term dribble of money to invest.

Dividends in the future also. So do not get disheartened.

Now is the time to get in. The Vertical well proved there was oil in the layers. Now the Horizontal is the all or nothing. This next well is the one to get the production testing from. From this current raise price there will be profit. Whether you wait for those results or not. So easy to pit in a little money in this now. The Difficulty is for the LTH who need money to average down , their risk is higher plus the money is not working elsewhere.

Even if we get back to the 0.35 region. That is a good day.

Just got 1448000 at 0.238 so lets see what happens.

What this comes down to is people on here thought it was going to 2 p in an instant.

Some say we drilled and teated two wells.

These vertical wells are to prove oil in reservoir targets. They have done that.

Now they need to do post well analysis, the well that is important is the first horizontal well which can now hit these targets. ( if one was without oil you want to know not to drill it in future).

These wells do not clean up in the short time they test. I do samples whilst drilling and a clean up can be 30hrs if not more just to get the virgin fluid in the well and that is a non Alaskan tighter play.

Most full completions can take 7-10 days to clean up in a proper setting.

I have just drilled 3x horizontals all from one surface slot, all tied together to maximums pressures and flows.

We need to know their next move so. Post well RNS and forward plan. Finances are key from here so i suspect some of that is in the current SP.

I really think this needs a few days to settle. Iran Isreal is hammering all stocks in the sector today.

People betting on a huge rise. 2p was never on the cards. 1p would have been more realistic. Early days. People follow the herd and get scared.

We have proven oil, which was the goal.

Next step is post well analysis and plan to drill horizontal well.

I heard on LSE this was two wells -wrong. So people dont even research.

Now yea it could have been better but i think this needs a few days to settle. A lot of good shares are down 5% or more just on Iran attacking Isreal.