Member Info for dai2belts

That is drilling an exploration well, as I guess a production well may require a permanent premises

@Sharebel, POW includes Exploration and drilling activities, while works approval is for premises that require licensing to carry out their activities....

So which application process does drilling a well need to follow ?

Some unusual trading

09-Jan-25 14:14:33 8.74 56,878 Buy* 8.00 9.00 4,971 O +

09-Jan-25 14:14:01 8.74 56,878 Buy* 8.00 9.00 4,971 O +

09-Jan-25 14:13:27 8.74 56,878 Buy* 8.00 9.00 4,971 O +

09-Jan-25 14:05:13 8.78 11 Buy* 8.00 9.00 0.97 O

09-Jan-25 14:03:47 8.00 15 Sell* 8.00 9.00 1.20 O

09-Jan-25 14:03:34 8.465 117,498 Buy* 8.00 8.50 9,946 O x

09-Jan-25 14:03:03 8.465 117,498 Buy* 8.00 8.50 9,946 O x

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Bots

Maybe a 11 share buyer(new, maybe the 1 share upping to £1 )

1 share buyer (new)

2 share seller (still active)

Wow thats moving on an exciting update that actually says very little...

Just like Lorna saying Itumbulas discovery could be huge for the company, then organised further testing BUT had to go deeper,... Then although they did'nt mention free gas, they also did'nt mention the water. lol

Yep, GENI multi-bagged previously when an approval pumped the share ahead of the imminent big approval... Still waiting, and for a fund raise

Keep an eye OBD, somebody has lost £40k on that one,, from the BB apparently ~5 weeks cash left.. So placing must be due soon and if successful a new Exec Chair to turn it around..

Iain led the turnaround and re-structuring of several biotech companies including Ark Therapeutics, Redx Pharma, Silence Therapeutics and more recently, ReNeuron.

I remember, I was toying with buying that low Swissy mentioned when an unexpected approval served up as a tempting side dish, and it just kept going as I watched from the side..

Its a shame there wasn't more of a clue to what's happening with that approval..

Maybe Cantor bought the drop

Lol, oil has already been proven...

I think previously there was so much more gas than oil the economics were not the best, so they are increasing the production rates by drilling a horizontal in the contact zone.. Unless there are complications this should be a winner. Its all a question of if it attracts the traders

Cantor FG, upped their position Jan 7th ?, so thats outside of placing

https://www.lse.co.uk/rns/GBP/holdings-in-company-4jyg5le3bkhmrvv.html

You forgot to mention the bubbles in the flood water tested for helium for a radius of 6km around well head

Today

Drilling, once the well has spudded, is expected to take circa 30 days.

The rigging up process is expected to be completed shortly, with drilling operations expected to commence in mid-January 2025.

In order to expedite drilling operations, preparatory work on the well, which included the removal of production tubing from the existing wellbore, has already been completed utilising a cost-effective workover rig.

The extended lateral will be drilled horizontally from near the base of the existing wellbore and is expected to target an additional 5,500 feet of the Cane Creek reservoir. Drilling, once the well has spudded, is expected to take circa 30 days.

Somebody writing updates is using buzz words..

Was in London on JV business, but maybe forgot to mention funding roadshow

No trades or posts today ?

8th Jan, after bell Bid/Ask 10/14, days hi/lo 13.50/13.40, where does 10p come from ?

Loose lipped as in panty wetting :(

I find being older, in this cold weather touching the garage door handle is enough to need a pee..

too often Its toilet, out to the garage door, back to toilet.. its quicker to walk lol

QED explaining possible cash scenarios

https://youtu.be/Ph3LkDKp22Y?t=3503

This makes you think Mmmmmm, especially using the word "evidence" as that AGM suggested there was lots happening soon

https://youtu.be/Ph3LkDKp22Y?t=3531

Any idea of this rumours source that was spot on for He1 and Mosman ?

Maybe David is suggesting they have nothing certain for H1 project wise ?

I never pick up on these multiple alias's , probably because i forget 99% of what I read.. But Santa will stick in my memory for a while as he failed to get us down to a 6p entry lol

QED, down 30% in 4 days, offering 44% back to the peak of 8p...

https://invst.ly/18cctr

Still plenty of talk of raise, on the BB..

Providing 8p is reached again a raise with +=20% discount taking the price into low 4s offers almost 100%.. I would guess 6p should be achievable after the raise...

Q1 Raise,

Valkor payment was dangled last year, its unlikely anytime soon.....

Also last year they did not want to raise before milestones but they did after jam tomorrow updates which included Valkors payment..

https://youtu.be/Ph3LkDKp22Y?t=2052

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Q2 Raise, challenges Q1 timeline

1st discussion brings raise to Jan, without Valkor funds?

Then David makes things murky.. as suggested money without projects will last end of Q2 (Cash burn rate £3m/y...No projects raise before end of Q2) .

.But Morocco was supposed be happening any day with guys on site at time of AGM, and there is a 6 month(from ~dec 6th) stop on Panama trial completed, and MSC imminent

https://youtu.be/Ph3LkDKp22Y?t=3388

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