Member Info for Ddraig

10.59 - The other operator owns less than 80% of their own company. The other material holder is selling continuously...you'll have a long wait to get anything out of that and at best a low ball hostile takeover by industry as, in the words of their CEO which I agree with, they are a takeover target. Industry will crush them.

10.59 - Excellent Seahawk....I wish you all the best. Please feel free not to "do a Jiddy"

10.37 - So whats your suggestion? Do you think they had operational issues in what appears to be an increasingly viable prospect deliberately? Should they buy a few hundred barrels from Conoco and say "there you go, oil"?
Highlighting the historic and current position without providing a counterfactual operation that would have changed this is of no value what so ever.

09.44 - you are ignoring contractural law either because you know FA or because you chose to be a FT.
Contract never would have been agreed pursuant on equity as payment. They could have insisted on cash and the company would have had to pay that from reserves they have and/or equity raise for this or future ops...
I can't see a rational business reason to take equity instead of their mandator cash right unless they have a good degree of confidence in the final / subsequent results. Believe what you want but at least try to support it with some reminisce of a rationale argument.

09.30 - Fully supportive of you taking your 6 years of disillusionment & disappointment and reconciling that in private...

08.54 - embarrassing

08.54 donone...not sure I understand your comment. Placing price is AUD 0.0236 or 2.36 Aussie cents.. its pretty much fair value to current share price.
I even did the calc for you and you’re still speaking rubbish...

07.30 - 2.09% down. No? The platings were done ATM and why would you assume they will be cleared into the market. These people are professionals with direct exposure to the drill. Not inconceivable that they think the well is: will be successful and therefore want to hold. We still have the funding from the Elko (Erik Opstad company) placing so not sure any other placing is required right now or possibly into the next drill.
Believe what’s you want

Anyone know if AUS liked the update? Anyone know how the market opened?

In summary:
it would appear that we have potential oil in the zones that were initially determined to be of low oil saturation,
plus we have addition zones that may potentially have oil via fluorescence shows, this may be aside those additional zones that we had identified already but not known pre drill
Inference that if the initial lesser prospective zones under analysis look more promising then the deeper targets not sampled should also be at least as good as initial evidence.
Still lots of work to be done and risk there but always pleasing to hear that analysis has enhanced the initial interpretation.
So vendors have taken stock directly for services rendered and at c. AUD 0.0236 which is the current at market rate.
Don’t understand some of the content and not going to second guess market reaction to this positive update so far...should give us some additional volume and would very much anticipate a rise even if modest until further news is released,

18.06 - every little helps but its worth remembering OTC volume today is only c.118,000 which is c.£40k therefore the whole of the US trading vol so far is lower than many UK holders personal exposure. Wish it were significantly more but those are the facts right now.

09.11 - Is this information verbatim? I'm assuming its not fully public (ie you have to be registered / pay for the information?)

12.02 - there is an OTC listing but very low volume. General day to day vol sub 50k shares. So despite the best efforts of some existing shareholders there’s currently virtually no interest. Would appear getting a share trending on US online chat forums is not simply about posting a few positive comments....

14.53 - Yep, it's going to be a busy couple of years. Best for next year would be either a Charlie-2 FO or Harrier FO (but sounds like they may want more seismic Peregrine before that and not sure if that can be completed and processed before 2022 drill season), as you say we may have to drop a line into Umiat. May even finally get some action up at Yukon if a consortium can be agreed but happy if we just contribute and someone else operate. Be interesting to see what leverage see get form Talitha on analysis of the eastern lease area.

Bit embarrassing, OTC cleared AIM 6 hours 45 mins trading in 18 mins

18.59 - Arr, good point...add 23m therefore 79m...US closed covering 96.3m...if this is a continued trend then we've over double our daily volume and this isn't an isolated event. I think we both see the US engagement as a benefit.

17.22 - c.56m is the hurdle today (UK -31.33m) plus (AUS 12.465 *2= 24.3m). Currently 44.5m

27.22 - already taken into account

Jay seemed to enjoy that interview more too!

16.20 - I don't see that myself...oh wait a minute, now I do ;-)