Member Info for cperkin

Lame horses are normally shot I think ;0)

Round of drinks @ Southend on Sea as promised by SUFCESSEX when/if the DJ comes in ;0) never mind the additional oil.

Yes, I just hope the $9 million odd cash (depending on how much UKOG they have sold) is earning some interest whilst we wait for the spend for the C-1 drill and 3D seismic, all of which is dependent on that extension licence so that the Zubair/AEX farmout can complete, I share your frustration with the time it's all taking steve!

steve how can the IOW be a multi million pound asset when there has never even been a flow test on a well on the licence area? It is worth exactly what has been paid for it. Potentially it might be worth money once drilled flowed, production licence granted and infrastructure built, but thats years away.

This is exactly what was wrong with NR's business model. He wanted up to 10 assets invested into, well thats all well and good as long as you have an already high cash generating producing asset, otherwise you have to fund it all through placings.

I am happy with the new BODs consolidation and focus on the primary assets, just wish Tanzania Gov were a lot quicker!

If Align are correct then intraday today or tomorrow indeed.

GL holders - It is probably a good producing well based on the oil already found or a gusher if the Geology of the Djeno is anything like that of the neighbouring licence areas and wells.

into selling their shares due to a morning "drop" only to see massive buys go through at the end of the day solstace.

lol Punters going to fall for it for a 4th day in a row?

Not for a long time Caddy, nice rise since December 20th though, not in a straight line I grant you, but then stocks rarely do, but hey those lucky 1.45p buyers eh.

Come on that licence!

"Based on the £350,000 consideration, Solo has made an investment return of 2.25 times its historical investment in IOW." Depends of course when they sell the UKOG shares and for how much?

IOW was last drilled in the 1970's and never tested and no plans to do anything with it till next year at the earliest anyway. Is it better to use the money to develop a proven and appraised resource with 35 million barrels 2C to solo and near term production or hang on till 2020 to spend money drilling for the 5 million barrels (IOW) 2C to solo?

If it they either sell Ruvuma or get Ruvuma into production, they can buy back in to the IOW after all the cost and risks have been negated and a well actualy flowed, which has not even been done yet.

Only time will tell, but at least no funding is required.

Can't get the staff anymore, out by 0.02 tut tut BG ;0)

Definitely positions being built nice and slowly since last week, same @ solo with some small sells to keep the price from running away.

Might be a bit Harsh Joe, they have discovered and appraised Trillions of cubic feet of gas, but get your point.

Must be about in the zone now, results today or before the end of the week?

We all know it's coming at least to a high probability, just not sure when.

Licence please!

500,000 buys followed by £45 sells, it's a standard way to build a position in a stock without letting the price get away.

What you on?

Munch, Munch, 500,000 a per day, nice and slowly, someone does not want it rising before they finish ;)

Last tick up was all spread.

Licence please -- V19

Nice to see you back Robbie, yes I would expect that once NT-2 is recompleted we will see much better flow rates from it, it is even possible that it can deliver the initial 40 MMscf/d production target all by itself, never mind NT-1 and C-1 as well.

Just need that little licence to get things moving.

Agree Frank and thanks for sharing your conversation with David. They must be getting close to seeing if there is any oil in the cuttings this weekend. Lucky for us they are working away with the drill bit spinning whilst we are chilling.

Every investor gets burnt at sometime, some get wiped out completely, others are lucky enough to learn from it and invest another day.

Couple of nice buys here and at AEX friday, the Gov have been back to work for a week or so now so we could seem some movement on that all important extension licence....at last!

Best of luck

Then there will be a massive rerate north here & if it does not then the back to back drilling and production will be more than enough to sustain the current market cap and beyond.

Big week next week, best of luck holders!