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And there's no freefloat once again ...
Took about 1.3m to soak up the slack then more in the session has lifted it slightly.
Looking at the syntax used its a case of same wearers with different hats.
Spain was warm last month wasn't it.
Anyone know what prices they need to break even?
Mike,
In a years time you will either be at an airport or laying on a nice beach and you will hear someone say, and then A5 rolled in and it all snowballed from there and I sold out at 42p, could bloody kick myself ( Rocketeer ; ) )
Or else we will still be here and you be reading ~ hey, Muff Diver Mike do you reckon they'll get a deep flowing in 2025 ...
If it ever hits 42p, i'm still in it and you can find me on a beach or at an airport ask me for my watch ... check its depth rating, wont be anywhere near these bad boys, some serious meterage on the deeps!
Mike,
808 and A8 are dead, plugged and abandoned due to water contact.
They could both have oil there but there are better prospects to try before them so they are on the ignore list.
Soviet well 54 will be of interest to see its flow rates, we know it has to be locked in to re pressurise to produce its 30 bopd, the flow rates if/when released will show the underlying potential of the Dolomite South Yelemes layer.
A5 - Banger of a well, even with a messed up bore hole and on its 3rd side track it still did 1000 bopd before getting blocked. A6 A7, can both do 1000+ as well.
If this was my game of let's make an oil company I'd have drilled all of MJF, all of S.Y. and pumped them using my CTS drilling Co and Kazak crews.
Sold the boat as rentals are too infrequent.
Cost per deep well circa 7.5 - $20m depending how long it took and number of sidetracks.
Then I'd have redrilled A5 with a fresh bore hole into the same sweet spot, then sidetrack it until it flowed.
Go for A6 and A7 on the same basis, hand over all my data and Ego to a major, given them a slice of the BNG pie and asked them to train my crews to be their equals.
Then on my own without the major involved add Block 8 and North Yelemes into the mix with CTS drilling rigs and my fully trained crew, maybe with some poached management staff sprinkled around each rig from A5.A6,A7 drills.
That they haven't progressed anything past the easy shallows where you drill a hole and stick a pipe in the ground, in the 15 years i've been here is telling.
Lets see what they can do in 2024!
The pattern has changed here since 60p, I've been monitoring buys and sell availability since B4 then.
From 58 - 60p you could pretty much buy what you wanted when you wanted it at all time low's.
At 65p this all changed, the MM's would sell you stock on some days, then they would shut it all down with NT trades for a few days.
So you could only sell 500 shares and buy sometimes, other times only on NT.
Increase the price, repeat cutting off the tap to build the Fomo then open to fill the orders.
After a day or two walk the price down a tad to rebalance their trades and collect in some weakness at new highs then without warning or volume jump it up by 20 - 25%
This has been timed really well with online posts from FDBK.
This had bagged on one medal being awarded from a PR Co and a Linked in post about meeting a local Govt official.
If you fancy a trade and this pattern is repeated next Monday or Tuesday you will see a jump to 140 - 150
Reading ... Mickey Mouse is more visual isn't it?
Go on Earl, go spike yrself onto Glencores March loan repayment ;) with Shard Merchant Capital.
Shallows - Tick
both fields producing,
horizontal sidetracks proven to work on both.
Drills currently being done on both to expand both fields.
Caspian Explorer - Tick
Q3 Boat rental to Eni / Kazmunaigaz for Abay drilling programme.
Abay is a southwest step out from Kazakhstan’s largest offshore oil and gas project, Kashagan.
Deep Wells - Tick Pending
A5
a6
a7
801
802
803
808? (for Mike)
Block 8 X 4 wells.
11 Deep wells of those A5 and 802 are being worked on, plus the two new drills on Block 8, plus 801, A6 and A7 can also be considered as low hanging fruit.
Has to be the best placed oilly with potential to multibag on AIM.
Just the Shallows and the Boat will see it bag from this 2.4p area?
Capa,
"if you're one of the nasty ones please don't read on and go and pester another share.)"
Found you another Luton fan.
The RNS is in the typewriter ( thats how archaic they are being )
RNS required if no payment received today before close of play ...
They ve been lax on updating their investors , certainly the PI's on when they have or have not received funds ...
Not amazingly positive is it?
1 - New Govt need to do this ....
2.CDC's needs time to bed in ..
3. NHS is basically 5hit and slow and when they undo one bottleneck it will cause another as there is no master plan in place.
4.They charge different functions at different rates so without complete overhaul the CDC's are set to fail.
COME on India ...
The dividends will be mental, we know they'll funnel theirs to the tax free zone of the UAE, most of us are in ISA's as we've all been here for so long.
Just get one deep flowing and all the shallows plus the boat and it happens.
That’s the problem when you have these highly sophisticated institutional investors onboard….. their back office systems are just simply not fit for purpose
:) :) :)
8iss up and brewery, but finally looking better, if we get some cash from Must as well its looking decent for a rise.
Likely that's what this placing was sold upon, after they've raised again and the new cheaper warrants that accompany that dilute and reduce the price again it won't until and IF Anglo decide to pay up in 24 months time.
There is no way they have raised enough cash to fund the BOD and any other projects .... quik maffs is enough to tell you that!
Donkey, if you look at the cash burn, new projects/licenses to increase that cash burn, BOD salaries at over £1m p.a.
Have to plot a time line to where the next placing is as they are already running on fumes!
It's madness!
I almost followed through in surprise Dibs
In positive numbers for daytime and only up to minus 8 at night.
Shallow well news should be incoming as can be worked on, and materials for deeps should be arriving in quicker times, weather is getting there.
Won't be long now .. load em up if u need them.