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Great interview. I am not sure we are paying Shaun enough. Love his knowledge and enthusiasm. GLA

FYI if you look towards the top of the page under the heading HEMO short positions then you will see the answer is that there are no open shorts. Hope that helps. GLA

PH keeps reiterating that we are cash flow positive and it is great that he has confirmed no fund raise and future sidetracks to be covered from free cash flow. My recollection is that at some point in the past PH stated we were covering costs or I believe it might have been 95% of costs at around 50$ barrel on production sub 300 barrels. I am hazy on the precise level of production and price at the time. Hopefully someone will know better. If I am right then the price increase coupled with the success of the last well potentially means 2 side tracks could be funded from cash flow in the relative near future.

Thanks don5

Does anyone have a link to the interview? Thanks

The misfortunes of this company are all down to poor management. For me what comes from this is that changes must be made on aim to regulations. My starting suggestions would be that all aim members must hold a quarterly q & a with shareholders as a bare minimum. Silence and lack of or poor communication only ever results in panic and a falling share price on aim. Secondly, I think salaries for BOD should be capped at £100k for all loss making companies and only paid at a higher level with shareholders approval. The number of free shares should be capped or matched by director investment. Hopefully, safeguards such as these would protect shareholders to a degree certainly from the likes of potter sitting around for multiple years at £1 million a year plus zillions of shares with no progress and no communication with investors. Yes I appreciate he spent 10 years looking for a farm in partner. Well I would have looked for him at a fraction of his inflated salary! Sold out 96% loss

I am finding it very difficult to believe that the shooters continue to attack this share. In the next 19 trading days we can expect a minimum of 3 RNS. I am ruling out an intraday RNS today and also believe the 5% value will be determined before the final week in February. So we have drilling update at the end of this week, the MRE and the 5% agreement all potential catalyst events for the share price. Other news could of course drop. I expect all 3 RNS to drive the share price north. Surely it is madness to keep the shorts open. Fingers crossed that they burn big style. Good luck all genuine investors

Rodgetrades, good luck to you. The point is that there are now over 2.5 billion shares in issue basically making it very difficult to add significant value for shareholders. I fear all existing shareholders will be screwed. You could make 10 to 20 % from here on new money if you are fleet of foot but personally I doubt it. The most likely course of events will be a share consolidation to make the price look more attractive to the market before a further raise and dilution to keep the lights on.. good luck but they will not get more of my money

I originally invested around £10k in this stock back in 2013 as a speculative gamble. I wrote this off a long time ago but looked in again following the recent 33% increase. Today following dilution consolidation and dilution rinse and repeats my holding is now worth £2!!! Yesterday’s ridiculous placing to raise a pittance is more of the same. Please be careful before throwing more money at this company.

Great deal Martin! (Not). Do the decent thing.. take a pay cut or resign. Your communication, record and performance here is appalling. Time to face the shareholders! Oh and if you go takes Parsons with you!

What on earth is going on. No mention of margins and the level of free cash being generated from current production. What happened to the workovers? What happened to Palermo aike? To raise at a significant discount to the current market price is incredibly dilutive and little real prospect of adding any significant value over the next two years. It is time for Martin to resign I think. Very disappointed here. A webinar is called for. Let Martin answer the shareholders. More crap from the parsnip stable!

Just watched Gillian keegan talking about omicron and lateral flow tests on breakfast tv. It absolutely made my blood boil. She is clueless and clearly oblivious to avacta. She was describing the awful swob process of ten rotations on each side of the mouth and ten times up each nostril together with an astounding sensitivity rate of 60%! It was pathetic. The program needs to be made aware that our test is 98 % sensitivity and 99 % specificity. I have seen alaistair on gmb before so he must have contacts. I am going to message the program and strongly suggest they re interview keegan and ask why a uk developed and manufactured test is being ignored. Others may want to do the same. Good luck all genuine holders

Thanks very much. I have just tried 1blocker which seems to be doing the trick but have made a note of your suggestion.. thanks again

All many thanks for the replies. I will try a few out.

Does anyone know of an app for an iPad that blocks the ads on this site which are driving me nuts and badly affecting the speed here. Thanks in advance

Just received my statement for October. This now shows that the percentage of my holding loaned out is 11.5% which is down from 28.5% a month ago. Posted for information.

Bamps, could you clarify your final paragraph about the juri joint venture please? I read the RNS quite quickly but didn’t pick up on any mention of juri or are you referring to the earlier RNS? Thanks

Much better communication from Martin. Previously he would probably have waited for the completion of all work overs before reporting to the market. Hopefully we will now get more regular communication and updates which may drive the price up

The share price continues to drip down on no news and very few trades. All this could have been avoided with just a bit of communication from PH. Investors here have been anticipating an announcement on flow rates since about 3 days in. All PH had to do was advise us shareholders how approximately how long the test was likely to take to complete with some sort of update if the estimate proved to be way off. Simple communication. Instead shareholders have witnessed a 30% decline. Probably not justified and hopefully the price will rise to a more reasonable level following the announcement which surely can’t be much longer. Fingers crossed for something spectacular as I am sick of the wait. GLA

JerrySpaniel. It is somewhat disingenuous to say anyone using T212 or any other free platform is stupid! FYI I have used Hargreaves lansdown as a broker for the last thirty years. I opened an account so that my daughter (a student) could obtain a free share. They also allow dealing in fractions of shares so it got her interested in the stock market whilst not swallowing up profits in dealing costs! I didn’t like T212 from the start. I didn’t recommend T212 to my daughter but it was her choice. Incidentally she has a first from Durham and a distinction at masters level. So I don’t think she fits into the stupid category! t212 messed up my first trade and I took them to the ombudsman and won. The case is published and my compensation was £1k. I am not yet in a position to close my account with them, but will at the earliest opportunity. Perhaps give a little thought before posting inflammatory comments in future.