Member Info for Compass007

Remember this is just one well out of many....

Would imagine straight into auction.....

Fantastic up date say no more....

This is a classic example whereby we need real corporate governance I still believe AC is a fantastic visionary but he now needs help because that RNS last week was totally mis-leading I was hopeful for 185 bopd so to get 280 is almost game changing in my view ,and again AC is trying to learn on the job.... I have a lot of time and respect for the man un- like some, however he needs help to control this beast now our SP would be a lot higher if this was in place...

Did that first RNS let someone in? AIM is confusing and corrupt.....

WTF that has now totally confused me .....but i'll take that anyway of the week... that is now clear and concise.....

Yes I am also forgetting that this is AIM and also the fact that MMs can almost do as the please, thanks for the explanation Alfa.....

Some talk on the board regarding Short positions ....my thoughts are that most companies have some percentage short on them, ours is miniscule compared to some so I find it difficult to see how it can have much affect on the SP other than sentiment, however I do understand large short positions have destroyed some companies... could do with a couple or three of blue days if not just to boost moral.....

Knuttie with respect ....I do expect a dividend next year the company is making money hand over fist and yes I understand the investments and up coming large purchase however a divi would sort out a few issues and as alluded to at 1p would cost circa 10M... peanuts if you ask me.

To add to my last comment I am sure the question and thoughts on a dividend will be raised again soon......even with our huge purchase....

Fundamentals is key....like I said a Company making Circa 100M operating profit (and considerably more going forward) can not have a M/C of Circa 230M for long....THAT IS JUST NOT POSSIBLE....its times like these you add where you can .

Stick with it my friend, think about it a company making Circa 100m a year profit and that will rise considerably going forward can not be valued at a M/C cap of circa 250M for long.....not possible....

I understand your concerns and I know your in at a higher average but I do not believe Zen have F@@@@d up as you say, however I do agree that in the past they did many many things wrong...this is the first well with the new rig and I can't see what else they could have done? I say give them a chance they are now in a new phase and development of the company, yes I was a little disappointed with the number on C-37 well but I also was never expecting numbers that were banded about ...we have many more wells to hit and if we just increase the percentage number as we have on C-37 at each well that would be huge, also the fact the team will now be getting familiar with the rig will make dismantling and putting up much much quicker... I hope you can see the value going forward...its HUGE....GL

How much has been raised and spent on the project so far? no way are the owners and large SHs going to walk away from that...

Must say I do feel sorry for the LTHs I got in at circa 4P as a gamble/punt and not too much so don't have a lot to loose...however I do feel that this will be taken up by someone those assets will not be left in the ground of that I am certain, just depends now, who takes it up and at what cost to shareholders...

Well although I was a little disappointed with that RNS and tbh was hoping for at least 150 a day I still have a belief that this will come good so have added yet again C-37 is not the only well in play remember....and thinking about it long and hard this will add massively to our production figures....so yes I do think the SP is well overdone....Keep the Faith this will come good of that I'm am certain....as for when ?well that I can not answer...GLA

Have to say I was expecting a little more but not much...feel this is well overdone

Still very hopeful that an RNS lands stating that Newcrest have made an offer for the entire share holding of 5.4p P/S that would still be cheap but a serious consideration or even that the we’re buying 50% of the shareholding @ say 3p then we get share in the new company while still keeping us in the game....

We must ble close to that RNS that says good old C-37 is flowing at 187 BOPD....or more? Who knows...

Just a move away from AIM would do for me...