Member Info for Dan1605

Great summary TS! We also know they've back at Bailieston but no mention of which License. There's go to be some temptation to have another go at Bluemoon, surely. Something just didn't add up there.

Those bulk samples should be due back soon, they stated they had been sent off in the video back on the 26th so we could be 4-6 weeks in.

Answer this question then ART.

Would you invest £700k at a 100% premium knowing that the sp was going to halve within a month? No you wouldn't so stop playing the idiot.

Who put 50p in the idiot....

"Of course, the usual crew will ramp this to death and the usual succours will buy more shares at a premium but then who cares? Not me anymore."

You're a bitter clown.

Thanks for the update Dave. There's a difference between administration and liquidation, liquidation means there is a chance of some return, administration, zero. Another coincidence (not) is that the results were due this month. This will be taken into admin with TB and INL riding off into the sunset.

We saw the same between 0.19 - 0.25 for a few months before the range broke and the same will happen here. There's too much news in the pipe to risk being out. It's interesting they used the work "collaboration" in the TMS Q&A. Dare I say that, could this end up being a JV in time? They're obviously keen.

The next update should be much quicker providing they learn their lessons from the last well.

They need to break this constant cycle of trading which has been constant since August. My last post was a bit premature, yet again the bid is being battered on low volume. Rumour has it that it's some well known "holders".

A good summary BH. We may be treading water around .30 but the fact that it's holding during low volumes is significant imo. Since August we have seen large sells hit the bid to take it down to create a trade, that seems to have stopped which suggests traders are not willing to take the risk.

Just sent you the email thread mate

Good evening Ed,

Thank you for your valued opinion. If you read between the lines it certainly appears that corcel/extraction are confident of a significant sp rise. In my opinion to show that level of confidence suggests they know what's gone wrong with to14 and either how to overcome it or how to avoid it happening with to13. You wouldn't offer to purchase shares at a significant premium if you were at the mercy of the geology. I believe it was bladey who came up with the theory which certainly holds some weight.

To think that one of the biggest O&G players in the world have messed up on what should be a straight forward drill is quite surprising but these things happen.

I don't know why LSE mess around the punctuation!

good evening,

thank you for your valued opinion. if you read between the lines it certainly appears that corcel/extraction are confident of a significant sp rise. in my opinion to show that level of confidence suggests they know what's gone wrong with to14 and either how to overcome it or how to avoid it happening with to13. you wouldn't offer to purchase shares at a significant premium if you were at the mercy of the geology. i believe it was bladey who came up with the theory which certainly holds some weight.

to think that one of the biggest o&g players in the world have ****ed up on what should be a straight forward drill is quite surprising but these things happen.

Agree TS but these guys can't be expected to work and not take something back for 12 months, not that are planning to yet according to the latest interviews.

Anyway, we're in a period of calm before the next storm. It's good to see that support is holding. AIM seems to be picking up with a fair bit of blue around over the last two weeks, expected this to be higher being the punters favourite.

You give up your salary for a year and let us know how you get one. A lot of investors wanted this.

Not sure how long you've been here Alan, I'm guessing 5 minutes. Here are a few things they've got over the line,

2 rounds of funding, the last a 40% premium to the first.

Sale of the drilling rig that covers G&A (previous management failed to do)

Successful drilling campaign at Creswick, with a potential commercial resource (again, what previous management have failed to do).

Your welcome

Would this explain the reservoir re-activation issues?

Hi Ed,

There has been some suggestion that Sononagol may have screwed up on TO-14. I'm assuming this theory is referring to the testing process. In your opinion is there anything that could have happened in error that has led to this predicament. From my limited knowledge I would have thought that any mistakes would have been made during the drill rather than testing.

Thanks

I doubt there's much left at 0.31

Agree James, I'm also expecting a breakout towards 0.35-.0.38 within the next week.

I'm not sure about the seller SJ but I would bet that Richard Jennings will have a limit price on his buys, likely to be 0.35. This means the MM have to work harder to fill them and the sp wouldn't rise as much as it would with buys going through without a limit order.