Member Info for Drew57

Part of Brad's email reply to Magnum was "and SP Angel (Richard Parlons), hint hint, publish full-on research documents that each contain production estimates" Yesterday, I was wondering what the "hint hint" was suggesting so I tried SP Angel's website. To get the research documents you have to register, but to do that you have to be an investment professional etc. Rather than try to blag my way in, when challenged I just said I was a substantial private investor and would like to see the documents. A few minutes later, back came an email: 'What stockbroker do you use?'. I replied Barx and a few minutes later he came back with: 'I will get someone at Barclays to send'. Blow me down if I wasn't sleeping peacefully in work this morning when - thump! I nicely bound 130-page A4 colour book landed on my desk. Hard copy; I was not expecting that (hope I do not get an invoice). It is a very detailed financial and technical report which I will now try to read; wish me luck. So I suppose the moral is: if you don't ask ....

It was interesting to hear that Brad says he can drill all year round. I had the previous impression that spring and autumn were a major problem with poor/wet road access. If that is the case, why are we not drilling? There was a hint of an answer in the statement about "drilling wells depends on many factors". His first factor was commodity prices and we all know how they have dipped. He says "I have publically stated our intention to drill wells"; but Magnum's question was "in 2014" so was not answered. Maybe he will not drill this year but go for acquisition instead? Thanks again for posting.

>> If he plans to drill this year he has already started or about to start Not necessarily; it could be a few weeks to kick off yet. Last year it only took a few days to drill. Here is an extract from 4 Dec 2013 rns: "I am impressed with our team's ability to move so quickly and get a rig mobilised, wells licensed, locations constructed and equipment ordered all on a moment's notice. Their agility should allow us to get at least three wells drilled - and hopefully producing - before Christmas." 2 weeks later: "very pleased to announce that it has successfully drilled and cased four additional wells in Eye Hill, Saskatchewan, with all four wells expected to produce commercial levels of oil. Completion activities have already commenced and the wells are expected to be put on production test before Christmas" Drilled and cased 4 wells in 2 weeks from announcement. 3 of the 4 were producing a combined 175 bopd by the year end! Probably won't hear from Brad until it happens.

Lol. Yeah. 50/50 a bit like my EDG holding - I have 50% of original left; sold half when it dropped below 10p last year.

Smids, That leaves a number of questions: Your figures said that 99million shares held by 4 other institutions. If Henderson still have 45m there are hardly any left at all. If they have been selling, do they have to notify each time they cross a 1% mark? What does the "indirect" holding refer to. They are broking for someone else?

Your post about Henderson took me back to RNS from 17 January 2014. I cannot understand what it means; anyone? "Henderson Global Investors Situation previous to the triggering transaction 30,000,000 shares 30,000,000 voting rights Resulting situation after the triggering transaction Number of shares Direct (nothing shown) Number of voting rights Direct (nothing shown) Indirect 45,178,438 % of voting rights Direct (nothing shown) Indirect 27.58% Threshold(s) that is/are crossed or reached: Below 28% " So are they reducing their holding at that date and how many do they own/control?

I realise it is mighty frustrating but we need to wait. I presume Brad has not finalised any acquistions and well plans yet. It is not much good announcing "I am working on it". Note what smidsy has just said; the big investors know they will get a good result in the end.

Presumably these sells on ISDX from this morning to make up the numbers? 08/10/2014 09:53 GBX/ISDX-exn New 32,500 10.0 08/10/2014 08:18 GBX/ISDX-exn New 15,000 10.0 08/10/2014 08:15 GBX/ISDX-exn New 25,000 10.0

the mms had to work those buys and take the bid down to scare a few sales to gather up the remaining shares. Someone in the know taking a position?

Yes, I remember that well. Although I had been in here since July 2012 just after the first day's trading it was this event in December that made me stick with it through the lows of last year. "Directors, officers, employees and consultants of the Company subscribed for 20% ..... of the Offering" at a premium price to the sp! So they had full confidence in Brad and at the time it seemed even better than seeing Director buys.

Why would they need a placing when Brad has just agreed a new $17m credit facility on excellent terms? Edge can pay off the previous loan which was at a higher rate of interest and still have ample funds for the new drilling programme. Seems to me a much better route than dilution and shows great confidence by the banks in Brad and Edge. Anyway, today's dip enabled me to top up on the bell at below 10.7, so roll on news.

That trade was delayed. At 12p it was below the bid at the time, so was a sell and probably the main cause of the late drop?

More trades there than here: 01/09/2014 08:45 GBX/ISDX-exn New 11,718 12.75 01/09/2014 08:44 GBX/ISDX-exn New 10,000 12.75 01/09/2014 08:31 GBX/ISDX-exn New 20,000 12.75 01/09/2014 08:30 GBX/ISDX-exn New 25,240 12.45 01/09/2014 08:23 GBX/ISDX-exn New 7,749 12.75 01/09/2014 08:21 GBX/ISDX-exn New 24,157 12.45 01/09/2014 08:15 GBX/ISDX-exn New 15,611 12.75

Oi; less of the old. I'm only just a pensioner. - lol. Get the Pointer Sisters on.

Well I agree we cannot take the message as gospel but as you have said it is perfectly possible to infer that the quarterly results would come out about then anyway; so how is that any price-sensitive information? The message does not seem to give anything away that the market could not guess.

They may have got that info from this message dated 26/08 found on Stockhouse board. from Brad: "We have not released any detailed drilling plans, which should not be mistaken for complacency on our part. We have several investment options in our portfolio of assets at the moment and we want to ensure that the shareholders' capital we do deploy, is utilized in the most value-maximizing way possible. Our next quarter's financial statements and MD&A should be released on Monday of next week - that will provide you with the latest and most up-to-date financial and operational information and will presumably assist you with your due diligence. I hope that helps, please feel free to reach out to myself or Ward Kondas anytime if you need any additional information. Best regards, Brad"

Maybe boring but sp has still risen 8 or 9% in a year plus decent dividend. I wish I had put less in AIM and a lot more here; boring can be good.

Smidsy, does a "short-fuse acquisition" mean that it goes Booooooooooooom ??

Trades so far today: 25/07/2014 13:33 GBX/ISDX-exn New 40,635 11.07 25/07/2014 12:48 GBX/ISDX-exn New 10,518 11.2 25/07/2014 12:41 GBX/ISDX-exn New 18,938 11.05 25/07/2014 12:39 GBX/ISDX-exn New 25,000 11.05 25/07/2014 12:26 GBX/ISDX-exn New 10,000 11 25/07/2014 10:43 GBX/ISDX-exn New 8,399 10.99 25/07/2014 10:32 GBX/ISDX-exn New 4,549 10.99 25/07/2014 09:33 GBX/ISDX-exn New 25,000 10.95 25/07/2014 09:06 GBX/ISDX-exn New 55,000 10.9 25/07/2014 08:50 GBX/ISDX-exn New 7,500 10.8 25/07/2014 08:47 GBX/ISDX-exn New 12,750 10.8 25/07/2014 08:39 GBX/ISDX-exn New 10,000 10.8 25/07/2014 08:01 GBX/ISDX-exn New 54,285 10.5

Afternoon all. My top up at 11:15 is showing as a sell, so it looks like mostly buys today despite the slight drop.