Member Info for Early_Bird

we will see :)

200k at 2.32p. Stupid really.. 50% discount to cash. Do people think Carol is spending all the money on shoes or someting?! :)

Yes the info is price sensitive and comes under point number 4 below and hence they will release this information to the market. It i snot the job of the Director to guess the impact of a release on price, you have picked up on a particularly badly worded point in the AIM documentation. If you have any doubts then give them a call.

MMs starting to get short now but 1.15p are buys. No reason for the drop apart from one distressed seller and few PI sellers getting shaken out. Silly but great opportunity here at these levels.

Expectations are a move over 3p is fairly imminent from the charts but im holding to see 4-5p which I believe will happen in the not too distant future. Downsisde is 2.2p so at these levels I see a good opportunity.

of course they are under obligation to inform us!

This looks set to bounce.. MMs have shifted and not much left at these levels now. Very encouraging.

buy when others are fearful indeed...

squeezing the ask lower but most MMs are sat at 1.3p or above which to me looks like signs of squeeze down then pop. We shall see.

Agree, I have just called and there is no reason for the SP drop today. Funny some are still selling at 1.1p.

Looks good for a bounce indeed. Nothing suggests this should be down 16-20% today....one distressed seller could have pulled the price down.

Exclusive Farmin Option for the Deep Kinsale in Celtic sea must be exercised before 31st of March 2015 with the Farmin Well to be commenced before 31 December 2016. They are Partner with PETRONAS on this licence It is then noted on their website with reference to the Deep Kinsale “A Farmout process is well underway with deal terms to include recover of past costs and carry through drilling activities” So we will hear one way or the other at the end of this month if Fastnet decide to exercise this option, if indeed they have found a farm in partner for it and also hopefully attached to this RNS will be a general footnote on advancements made in the last few months (acquisitions/FI partners etc).If they don't exercise the option, then it might be that they see greater value elsewhere... This is some good bedtime reading on the Deep Kinsale for those that like a bit of research: http://www.fastnetoilandgas.com/~/media/Files/F/Fastnet-Oil-and-Gas/reports-and-presentations/130515%205010027900005_Deep_Kinsale%20_NONV2.pdf

Thanks for correcting me, an impressive guy and having someone of this calibre on the board can only be a good thing. http://en.m.wikipedia.org/wiki/Michael_Edelson

A prize goes to who can tell me what news is 100% certain to land in the next two weeks by month end.... Kev.any answers? first clue - it isnt EOY results. Sometimes I have to pinch myself with people like Carol Law and Michael Edelson on the board (yes Mr Edelson was the founder of ASOS), £11.5M cash, no debt, £20M in assets, potentially huge O&G licences and valued at £8.5M.. really amazes me when I see people selling at 2.4p but I guess they must be happy with 10% return as they bought in at 2.2p a few months back. To me I say what is the point in investing in AIM if you are looking for 10%... this could happily do 500% this year if farm in partners are lined up or acquisitions are made.. the lowest it will go is back to 2p. Like I say, we are certain to get one piece of news in the next 2 weeks, all the info is out there in the public domain.. Mr £70k willing to pay 2.65p for half their shares obviously thinks it will be good.

actually quite tight here. 2.45p to buy. 2.40p to sell = 2%

try this link ate.pm/zj022

Thanks for your input Kev but the charts are looking very bullish atm hence the reason I timed my buy till now (have been watching this stock for months).... Encouraging to see that Zak Mir is now tipping it for a good run north also with 4.69p target (and his charting opinion is far more valid than mine) http://www.*****************/fastnet-oil-gas-basing-towards-2p-lead-back-4p-plus/ Still not seeing any downside... keep trying mate :)

Been out all day and good to see this holdings its gains nicely, good consolidation building the base again for the next push up. Out of all my shares this is the one I am most comfortable holding. Put it this way... if anyone here can point me out any downside in the company fundamentals at the current SP I am more than willing to listen.... ive searched and cant find any and I have done a fair old bit of digging. GLA

Fastnet undertook $20M of 3d seismic on the celtic licence and in 2014 had a number of interested parties lined up for a farm in partner to be announced by the end of the year... obviously then oil prices tanked and so all the majors cut out from the process hence the RNS stating they were considering a cash return to shareholders (which quite frankly is an easy 40% return from todays levels anyway)... Carol Law was then also appointed CEO with the view to lean up the company, cut cost and get the farm in process ball rolling again and also look at potential acquisitions, she has stated she wants shareholder value returned and she is a seasoned professional in the O&G industry (Presentation she made you will find a link on one of the previous posts) ... The shareprice has been grossly oversold now IMO and this is a share im happy to wait in until value is realised due to its strong cash and asset position and low cash burn it will see higher days... its also worth noting that before the oil price crash that they stated they hoped to recover all of the $20M that they spent on the 3d seismic from the farm in partner, obviously now oil plays look less attractive to big majors but now with oil price stabilizing some majors may start seizing the opportunity again and that another reason why this is now looking cheap. Cash burn rate this will still have more cash than current MC for at least another 2 years at current levels so you are potentially risk free here for the next two years, again this is ignoring any of the assets! Funny how people can say that a company with more cash than its MC, 3 times as much value in its assets than its MC and zero zebt is "fooked". Interesting.. bordering on funny.

An old blog article but none the less, an in-depth one and gives great insight to the company by one of the best share researchers out there. Note, el1tes update comments at the bottom of the page. http://www.theel1tetrader.com/2014/06/fastnet-oil-gas-depressed-share-price.html