Member Info for D220

Anchor handling tug now contracted, according to Steelwatch on advfn.

Teacup could pick a fight in an empty room. He has a need to confront (and have the last word) so best just ignore imo

ART, Torre,
A couple of good pragmatic posts IMO. I was gutted that they did the placing as low as 2p - I had thought 3p would achievable but of course TP wanted their pound of flesh and Tom were not in a strong position . Still cant believe that the company did not offer the chance of involvement to current holders but at least that is funding sorted. It would not surprise me if this goes sub 2p to buy in the next week or two and any rise above 2.5 to sell is likely to be met with placing shares being offloaded for a quick buck.
However, unless you just don't believe that RF extraction will be effective (if so, why are you even here?), the MCap is so pitiful that I would expect a rerate as we get to closer to operations recommencing in Spring '19.
Why on earth did the company release the news of the new licences and the NED with the placing RNS? Talk about burying good news!

The Ensco 121 is still in Dundee. They apparently have some,but not all, the permits that they need to commence operations, according to a knowledgeable poster on advfn.

Dont know why this is not showing on the tab above but hardy good news if you are a holder:-
14 December 2018

TomCo Energy plc

("TomCo", the "Company" or the "Group")

Equity Placing, Additional Oil Shale Leases Secured and Director Appointment

TomCo Energy plc (AIM: TOM), the oil shale exploration, development and technology group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce that it has raised GBP550,000 (gross) by way of a placing ("Placing") of 27,500,000 new ordinary shares of no par value in the Company ("Ordinary Shares") (the "Placing Shares") at a price of 2 pence per Placing Share ("Placing Price").

The Placing is subject to normal conditions including, inter alia, admission of the Placing Shares to trading on AIM and was organised by Turner Pope, the Company's broker.

The Company intends to utilise the net proceeds of the Placing to further the workstreams detailed in the Company's announcement of 3 December 2018 and provide additional working capital to the Group.

The Group has loans of, in aggregate, GBP250,000, provided by Christopher Brown that are due for repayment on or before 31 March 2019, if the board of the Company believes that the Company has sufficient funds available to it to repay the loans otherwise the loans shall be automatically extended. Further announcements will be made as appropriate.

The Company has issued 1,530,000 warrants giving the right to acquire new Ordinary Shares at a price of 2p for a period of two years to Turner Pope, the Company's broker.

Additional Oil Shale Leases

The Company is also pleased to announce that it has secured seven additional mineral leases from their current holder, subject to their transfer to the Group being approved by The Utah School and Institutional Trust Lands Administration ("SITLA"). The leases cover approximately 12,500 acres in aggregate with approximately 1.5bn barrels of oil in place (as measured by the United States Geological Society). These leases are located within the Uintah Basin, in the same Green River formation as the Company's other two leases, in Utah. There will be minimal ongoing costs in respect of these additional leases.

Director Appointment

The Company is also pleased to announce the appointment of Mr Laurence Read as a Non-Executive Director of the Company commencing 1 January 2019. Mr Read has considerable corporate experience advising natural resources companies and brings valuable knowledge and expertise to assist the Group as it considers the optimum next steps for the development and advancement of TurboShale's RF technology.

Can anyone say what volume is like or what L2 looks like? It would be a lovely Christmas pressie if the seller is out!

Article in The Telegraph suggesting that UK equities are unloved and undervalued:
https://www.telegraph.co.uk/business/2018/12/10/uk-bargain-basement-now-time-buy/

"The UK is cheap. British assets have taken such a pounding that they are at bargain basement levels. On one of the most widely used measures of stock market performance – the CAPE ratio – Britain now has one of the cheapest major markets in the world. We are trading at less than half the levels of the US, and below our main European peers including France, Germany and even Italy. The FTSE 100 now has a dividend yield of 4.4pc, a historically high level. And yet, the fundamentals of the UK economy are perfectly sound. "

Nevermind the FTSE 100, AIM has some bargains such as SQZ; we should be over £1.50 just on cash generation alone. Ignore the Brexit noise and buy. IMO DYOR etc etc

Not sure why this isn't showing up on here but a useful indication of confidence:-

"London, 11 December 2018 - Serica (AIM: SQZ), an independent oil and gas company with production,
development and exploration licence interests in the UK North Sea and exploration interests in Ireland and
Namibia, announces that Malcolm Webb, non-executive director, yesterday purchased 44,681 ordinary shares
of US$0.10 ("Shares") in the Company at 109.5 pence per Share. As a result of this trade, Malcolm Webb now
holds 44,681 Shares, representing approximately 0.02% of the Company’s issued share capital."

zedy - absolutely! The half smile on his face at the end when talking about growth strategy certainly implied to me that we just getting started! Expect more news sooner rather than later (IMO).

Just been checking when Serica last drilled a well and (correct me if I'm wrong!) it was over 4 years ago in Morocco!
The good thing about this one is that it doesn't cost us a bean:

"Serica’s net Rowallan prospective resources are estimated at 20 to 60mmboe (P50 and P10 respectively).

The reservoir comprises high-quality sandstones at both Middle Jurassic and Triassic levels, which are optimally situated for hydrocarbon charge from the direction of the nearby Monan and Mungo oil fields.

In the event of success, there is upside in the nearby Dundonald and Sundrum prospects, which are geologically similar to Rowallan.

Serica is fully carried on a Rowallan exploration well which is planned for 2018."

I am not sure if they need to RNS a rig mobilisation so we might not hear officailly that it is underway, although we can all track its' progress. Will certainly get a "spud" RNS though....

It has been suggested on advfn that towing time to Rowallan will be around 3-5 days, depending on weather. So potentially spudding within a week of leaving of Dundee!

TBTT,
released at 15.30 yesterday and available in the tab above!
"Thu, 6th Dec 2018 15:30
RNS Number : 7236J
Cora Gold Limited
06 December 2018

Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining

6 December 2018

Cora Gold Limited ("Cora", "Cora Gold" or "the Company")

Placing and Subscription to raise approximately £550,000

Cora Gold Limited, the West African focused gold exploration company, is pleased to announce it has raised £549,245 before expenses through a subscription for, and placing of, in aggregate, 10,984,900 new ordinary shares in the Company at a price of 5 pence per share (the "Issue Price"). The use of proceeds will focus on a drill programme at its flagship Sanankoro Gold Discovery in Southern Mali ("Sanankoro" or "the Project") targeting the high grade oxide ore with a view to delineating "starter-pits" for future production. The Project has an Exploration Target of 1 to 2 million ounces to a depth of 100m, indicative of significant potential further upside along strike and at depth.

Binding commitments to subscribe (the "Subscription") for a total of 3,184,900 new ordinary shares in the Company (the "Subscription Shares") at the Issue Price have been received from Lord Farmer (a substantial shareholder in the Company), Jonathan Forster (Chief Executive Officer of the Company), plus entities connected with Geoffrey McNamara (the Company's Independent Non-Executive Chairman) and Paul Quirk (a Non-Executive Director), and other subscribers. Binding commitments to acquire 7,800,000 new ordinary shares in the Company ("Placing Shares") have been obtained from other investors.

Jonathan Forster, Chief Executive Officer of Cora, said:

"Following a successful exploration and drilling programme during the 2017-2018 dry season where, as we had hoped, Cora Gold was able to demonstrate the potential scale of the Sanankoro project by confirming an Exploration Target of 1-2 million ounces with significant upside, we now turn our attention to the exploration programme for the 2018-2019 dry season. Our geological teams are re-mobilising to site and are preparing for a follow up drill programme at Sanankoro that will aim to commence delineation of gold mineralisation in areas anticipated to have potential for higher grades, focusing predominantly in the oxide horizons, which will act as "starter-pits" and would give us the opportunity to fast-track development at Sanankoro. A preliminary metallurgical test programme is also being planned.

"I am delighted with the support we have received in this fundraise, with various Board members and other shareholders continuing to demonstrate their belief in the potential Cora has to offer. With an active work programme planned for the new season I look forward to providing further updates from Sanankoro as well as from our Yanfolila area where a team will continue surface exploration to help in the prioritisation of subsequent drill programmes."

Still stationary in Dundee. Hopefully will set off next week. At least it will give us something talk about other than a) Brexit or b) BDT!!!

If this guy has sold up, good luck to him. If his sheep wish to follow him, fine. He obviously had less than 3% of the company as he has not completed a TR1. However, if the Hardys (with 11%) had been offloading they would have had to notify the company for evey whole 1% they drop through. They have not. Yet, at least. Some are bound to rebalance their portfolios and take some profits. I am still convinced that this "has legs" and is as "safe" as any O&G AIM listed company. dyor

Well I couldnt resist another 4k shares at 119.4p. Might not be bottom but good for the medium term IMO

What on earth has it dropped 6% for? A steal for those looking to top up. IMO etc

I didnt think it would be long before you popped up to "moderate" my post and its shamelss positivity and ramping.
Think you are trying too hard maybe:

"is due to the fact that none of us have no reason to doubt the company,"

Errr, presumably (your words) "it just requires that the reader knows English."?

"I will give absolute credit on this point"

Again, you really are a patronising and condescending individual aren't you?

You will of course reply, as you can't bear not to, but I am done until the next RNS so Merry Christmas.

Hi sasa,
Ah ok - thought I saw something about 150 days of operations? Wasn't really paying attention though so 40 days sounds much better!
I agree the finances from 1/1/19 will be "stonking" - just not sure how much the market will register until they see the accounts....
R3 will certainly be good for an uplift so hope we get a timescale on that soon.

Let's not get "hung up" on the wording of the RNS. It quite clearly doesn't match the tone and content of what the company has been saying privately to those investors that have had a dialogue with them over the last few weeks. Consequently, it has had little effect on supporting the share price.
Interesting that the cup half full merchants have completely ignored the "third party verification" that has been demonstrated by the engagement og IGES and Matt Himes.

"The Company and TurboShale, together with Brian Considine (Site Manager for Raytheon during the BART program), Bob Higgins (Lead Engineer in Brian's team at Raytheon), Himes Drilling, PROS (3 phase separator supplier), Continental Electronics (Transmitter supplier) and our technical advisers, are continuing to review and consider the results of the Field Test and we are progressing the following work streams:"

These guys clearly dont think that using RF for oil extraction is "mickey mouse" or they simply wouldn't be involved.

It is all very well "Progressing a strategy towards a scaled production" and "Developing a financial model for the pre-commercial program" but all anyone can see is the elephant in the room:-

"It's the funding, stupid!"

Funding is the only issue that will change the direction of the SP. We need it, and need to know how it will be raised.
Until that is dealt with, the doom mongers and shorters will continue to hold sway.
The company might as well just bite the bullet and do a raise now, hopefully with some grant funding and money from partners, but anything above a 3p raise would be a result IMO.
THEN we can move on to next year.