Member Info for comeonvog

Back in today first batch, missed this board one of the best .

Investbest123....What a plank, suggest read your last 5 posts . Did you sell to early waster.

Got to let the past go, we have a new leader who i have faith in will get the job done ( not like boris )

BIGHOW That was then, this is now. FYR will revel all . This is now like a start up company IMO

"The contract mining scenario under the CMA means the historic breakeven tonnages cited by Edenville are no longer relevant, as the Company now expects to be profitable from operations from the first tonne of washed coal that is produced. The focus of Edenville is therefore to expand the existing coal purchaser client base and to that end, the Company expects to announce shortly the Sales and Marketing Agreement with ILTL, which will bring with it not only an anchor tenancy of up to 5,000 tonnes per month of washed coal, but also further incentive for ILTL to use its network to source additional customers."

ILTL is a privately owned, Tanzanian incorporated company with Dubai connections and with a focus on infrastructure development, logistics, mining and marketing. ILTL's management team has extensive experience in the East and Central Africa region in the field of logistics, energy, hospitality and oil & gas.

Our partners. Will we here news on the barging operations and will that make us international.

And the information gained from this well for the whole of the Estancia Vieja. That is invaluable IMO.

AParky below/above it's still a great result on the first well. If it was 1000 boepd that would be an increase of around 25% +of total production.

Now to get this show on the road. Was that another 1000+ boepd .

On a more positive note, early in 2019, management identified an opportunity to utilise slim hole well technology as an advantageous way of developing relatively shallow hydrocarbon resources. Initially using a contractor owned slim hole rig, the Company drilled a six slim hole wells in and around the Uzen oil field. This was in general a successful undertaking and provided the drilling team with valuable experience which has been put to use for the remainder of the programme. In mid-2019, the decision was taken to acquire a Company-owned slim hole rig at a cost of US$0.7 million, equivalent to approximately 18 months of rig rental. By the end of 2019, a total of six slim hole wells had been drilled and three others were in progress.

Based on the experience acquired with slim hole drilling, an extended drilling programme fully utilizing two rigs has been proposed comprising 8 new wells during 2020, 6 on Uzen and 2 on VM, and a further 20 wells during 2021-2022. In addition to the development drilling programme there are plans for seven exploratory wells to be drilled on identified structures in the Group's Karpenskiy licence area. While success with any one of these cannot be assumed, management is optimistic of being able to report a measure of success in finding new oil reserves for the Group. Equally importantly, any newly discovered oil reserves can be rapidly and cost-effectively brought into production.

Included among the eight production wells included in the slim hole drilling programme are two new wells on the VM field, which will be required to produce the identified remaining reserves in the field, and a new well on the Sobolevskoye field, a small currently non-producing field in the Group's Urozhainoye-2 licence area.

tqhussain As you say an increase of $2.1 million in a month i would say is damm good with oil priced under $45. So they have cash of $12.1 million and production at 4,317 boepd and news by the end of this month on possible sale.

The Company is pleased to report that it received a number of non-binding proposals regarding the sale of the Company or its entire business and assets, directly from potential buyers and through Renaissance Capital as financial adviser to the Company. Such potential buyers who wished to participate in the formal sale process were required to sign a non-disclosure agreement, after which they received further information on the Company.



The Board is now engaged in ongoing discussions with certain of these parties about the sale of the Company (or its entire business and assets) and aims to conclude negotiations on or before 30 September 2020.

I despised the man , but as you say that was the past. But can we have a reminder of what it has cost to get to this stage .

aerial.... And can you just remind us how much RS paid him self each year and how much this has cost to get to this stage. It has not been a good investment up to this point .

falklandinvestor I always class September as the shorter's month , all that pent up aggression after spending 2 weeks on holiday with the wife.

PATTS Not now though is it. I would ask the people who bought stock 5 years ago how well they have done.

The market is rigged not to help retail but to use it. The plus side of that is we can buy stock they have helped to knock down and that's why i am here. Lucky 13's

falklandinvestor Is just another trader looking for weakness . Here it was not difficult to find, and the drop after the placing was music to his ears as showed the market had little confidence. Trouble is retail thought it would bounce back just as fast as last time and piled in .....but here we are still going down.

PATTS Couple of bumpy years, is that a p@@@ take . Look at the 5 year graph .

guitarman001 I wouldn't take any notice of reported buys/sells , the whole thing is designed for confusion and used by traders to misinform for there own agendas. If your long buy then go and do something more interesting for the next 6 months+ .

The best of the bunch for a buy out IMHO. So had a few more at 287p
21 oct 2019
The Board of Micro Focus International plc ("Micro Focus" or the "Group") notes the announcement by Open Text Corporation ("Open Text") confirming that it is not considering a potential acquisition of Micro Focus.

8ead well said . I was knocked on this board when i called it falling further at 145p and here we are close to a 110p. Never go all in on a stock that keeps falling , buy in tranches IMO.