Member Info for CrustyPete

Crustymctripe?! 🤣

Wrong yet again, there is only one mctripe and he is staring out at you from the mirror.... 😉

Thanks for that Stockcheque, though as Roger himself will advise you, the Nigel Penney interview was posted here over a week ago.

Worth seeing again though, thank you.

I have just tried some dummy trades - can buy as many as you like up to 40m and below the quoted Offer price but cannot get a Bid price on any quantity at all even as low as the market size of 3,000,000.

Don't think this will be going anywhere for a while until the placing shares have been churned - it appears that there is still some considerable way to go on that.

Hence a "HOLD" for now, likely to see the MM's drop the sp back at some point today as they have for the last few days.

I am of the same opinion as McNol on that one - prescribed for them to do so. That said even if not they are extremely cash strapped, particularly in the US $ department and that is what the bills would have to be paid in.

Like you Toffers, I am (currently) fully invested in that one - unfortunately 😉

Let's hope we manage to trade out of it very quickly!

McNol, Blubay, Toffers, you wouldn't want to be seen to be at risk of "cross-ramping" now would you?! 😉😂

As I said RJ, we could trade selective quotes all day - I resisted it but you couldn't. You always have to have the last word eh?

That's fine RJ, I am happy to accept your view; I have seen and read many references that support it and several that do not. However, the reality is that Condensate is called Condensate because it is only a liquid once it condenses at certain pressures or temperatures whereas Oil is liquid in all states. That is why Condensate is called Condensate and Oil isn't.....

Your statement that Condensate is Oil, seemingly is one that is not shared universally across the industry as my own quote indicates..... I am sure we can continue to find selective quotes to support our own positions BUT, save to say that we each know where this conversation started and that is that my stated belief that there will not be commercial levels of "OIL" found at CH1 and does not refer to "Condensate", which has always been expected.

RJ I am NOT the one getting semantic RJ and, moreover I am not and never have argued contrary to the fact that it is likely to be extremely valuable; indeed was one of the first to point it out, plus that there would be a lot of it at CH1 and the fact that we had the rights to sell it direct to market. So thanks RJ but I do not need you to repeat my own words back to me, you are preaching to the converted....

But, let me get back to the original point of this conversation - in my view there will NOT be any income generated from "Oil" from the CH1 drill...

Condensate is technically Oil? Really? Well in all the time that AEX were off taking Condensate from Kiliwani never once was it referred to as OIL.... and at no time has anyone here previously conflated the use of the word condensate with oil. And actually not quite - it sits below Oil

"Condensate is a generic term widely used to describe the liquid phase generated from gas/vapor condensation. Normally the condensate coexists with the gaseous phase and produces a two-phase mixture. Again, condensate can form by condensation of a mixture of a variety of very low-density, very low-viscosity, liquid hydrocarbons along with natural gas. Depending on the product from which they are generated condensate is sometimes termed natural gas condensate, steam condensate, condensate water, etc."

Note that it is not termed "Oil".

Anyway it is semantics - at no pint has anyone here ever doubted the existence or likely availability of "condensate" in any of the currently planned wells - indeed many have predicted it any pointed it out; including me.

Oh and just for clarity, those that actually have read my posts will attest that I have never said there will be no evidence of Oil at CH1, simply that there will be nothing remotely close to commercial quantities; I would not be at all surprised to see shows akin to those at NT2. But my expectation of no commercial Oil is even more of a given since we gave up plans for the exploration drilling of the Jurassic targets.

And soi far there has been no chance of that Stockcheque! You have yet to be proven right on anything of any significance whatsoever!

Oh so are you now revealed as mctripe then?!

Internet stalking? More tripe - I haven't been anywhere else but here to evidence your drivel. 🤣

Oh and have no doubt, there will definitely BE an ML "leak" 😉

And I would love to see it... 🤞

More than a little unlikely methinks - It'll take more than a tiny little trade every 5 minutes to do that.... The only thing that'll bring that about is a ML leak! And were that to happen we would have had a whiff of it long since.

Okay, thanks Ssccss - I had evidently missed that somewhat material snippet of info. Thanks again.

Oh well, fingers crossed then but, yes, it'll still be a long haul.

Well with 29 minutes left of trading today is now officially the largest day's trading (2.503 million shares) since 13th August (my birthday!). It was 13th August that the saw the years highest closing price at 19.5p.

Out of the woodwork come the traders?! Will the MM's take their pound of flesh or can we see 14.5p bid maintained through to COP?

Why would they JV it in any event? There is every good chance that as a consequence of the Rhein Administration process any likely JV partner they could get 100% of all the material assets for bugger all anyway....

Me too FWIW - I too use Interactive Investor and have done for several years.