Member Info for djm1

After 16az this stock is ripe for MM games to scare holders in to selling but the other reality is that there area lot of beer money day traders on aim who take small quick profits. As madman said once we have rates form 38(provided they are reasonable) with gas and oil sales then the volatility of this will be reduced, we will have a baseline and until that point we are at MM mercy. That time could be tomorrow or next week or indeed next month. They cant announce a flow rate only to reduce it later due to decline/ water coning/whatever reason. The Bago deal is interesting because the minimum flow rate required is small and i just can't see Bago spending the cash on infrastructure for what's in the MOU. 1000cubic meters is less than 200 dollars a day to Block, how much can Bago sell it for? At 1000 dollars a day there is money in it for them but what's the domestic price? Lets hope a good result on 38az because the wait is getting painful!!

sounds like someone is still loading up....

The number that jumps out is 0.3% of total consumption is supplied domestically.

thanks Sea 7 their loss maybe our gain. it puts in perspective PHs fundraise of 12m. We are fortunate to have it.

yes Nomura it will be good news. thanks for the links

Does anyone know what happened to Canargo and why it did not develop the field. circa 2008 they were producing 450bopd and 65000cubic meters of gas per day.

Hi Nomura when was the article published?
Thanks

agreed Bill the gas would have to be nailed on.

Bill i cant see it going too cheap.....the directors don't own enough shares for it to make a difference to them, its hundreds of thousands rather than millions, its not "transformational" . I once had a boss, he said he had XXXX You! money, you'd want a bit of that.

I think its accepted that current prices tend not to ascribe any future value, i.e. no gas is priced in and that's what any takeover would be about ,at which point it would have to be factored in to some degree. Does anybody think that these Solo guys could launch a takeover from a combined holding of 9%?

BB i sincerely hope you're right and we finally see 20p!!

but in the meantime you can accumulate significant amounts of stock for relatively small beer

so Jon Al and Han Solo were in a cab being driven by Malcy and want to buy Block. Have I got that right?

PS the fact they said it to Madman almost confirms that it flows higher than that.

TW what this shows is that despite large accumulation hoovering up weekly held shares that the price can be held back. We don't know if this Guy is finished or if there are others with big orders out there. Fundamentally i still think most are waiting for rates.

At the current price that holding represents about £1 million, which is a serious commitment, along with Alastair Ferguson, its two well connected Oil and Gas people stumping up lots of their own money to be here. The successful completion of the well is a big step forward, not withstanding mm shenanigans, this should have climbed more. Nothing is guaranteed but the omens look as good as they can. Fingers Crossed.

if Dean or Jon are listening I'm prepared to let you have mine for a quid.

Thanks for all the feedback from today. Looks like a lot of PIs got mugged today, for those still holding the hands holding the shares just got stickier..and for those with a high average this isnt over. My feeling is rates sooner rather than later. GLA

TR did you ever hear such deluded self pity and dishonesty. Manchild

Mm it's aim it's full of day traders..it won't make a difference in the long run.