Member Info for F458

Pre cast concrete will need to be made to support 50 Tons plus loading.
These can be made within 2 weeks subject to production availability.
one for for delivery
0ne week to excavate the ground conditions
One week to Install platform
Time expected min 5 weeks from today
Plus Rig Installation
This is the min time I would expect If I was asked to commence today ! FACT

Or Maybe you can tell me the process of constructing a platform for a Rig

Barking Crazy
Don;'t be a total idiot. I am an engineer on rig site

It won't be till early Jan before we get any form of flow results. New Platform requires installed and using concrete thats approx 4 weeks to cure prior to any real loading are allowed to support Rig. Allow 2-3 weeks for the rig instal lthen this alone will take us to end of Oct at the earliest before drilling commence.
I come back then
GLA

What a shame and disappointed RNS, we had funds till end of Oct with the last Bach of CLN's but now these are the last on offer. With further legal fees and CHAL administration fees can only conclude we require a new investor.
Without going to the market I fear CHAL will not get any interested financier, All this further delay will only hinder any interested party. Evidence of this was earlier by a statement from New York office department stating no financial assistance being offered.
Without any one stepping forward then I can only see a placing end of Oct now. At what price who knows but my bet would be lower than the current level as history shows.

yes agree, I think this is about to pop, lets hope for update on Monday

Has the DFS been leaked out ? Nice to see buyers back in.
Can some one confirm these large buys are buys or can they be roll overs.
Notice the bid jumped 0.1p on such small buys that these had to be a buy order filled.
Lets hope the news of DFS arrives earlier than expecting catching the markets out thats been pushing the SP down.
Be great to have an positive RNS on Monday

Yes it was huge that the MM's received these at 0.2p and sold for 0.35p
Nice profit when you can get these CLN's at 0.2p.
When these run out then where do we get funding from ?

LuckyStar
Don't be a total fool with your response , Ive been here a lot longer than you.
The last set of huge CLN's were released at 0.2p FACT. The mm's mark up these at 25-30 % FACT hence why the sp was 0.25p until these last lot of CLN's been released and again why its been marked up tp 0.3 plus FACT

So we know and its been confirmed NO MORE CLN's .. FACT. Can you then explain or prove where the next funding is coming from in OCT ? and what the SP will be ? Our back up private investor no longer supports with further funds in way of CLN's.
Very often its lower than the previous offer, hence why I fear it will be back to 0.2p unless the NYW agreement in our favour

Looks like if this continues with negotiations another placing will be needed. We have funds until Oct 2018, and although I've been here for a while now getting very disappointed if an agreement does not materialise with a sensible solution.
I am very confident the NYW will go ahead before end of year ready for summer 2019 attraction, but the cost in funding this further etc etc can only conclude another placing. £95K is not enough to see us past the agreed resolution and beyond. And with no more CLN's to rely on then we are back to the markets. Last placing was 0.2p..... will the markets see the potential here and have a placing 0.5p plus or will it take advantage of the current circumstances and lower the sp even more.
I really wanted the CLN's to continue but hesitate thinking how else are we going to be funded from Oct onwards.
DYR

Read link below... Understand that TOPSIDE is the norm.

https://www.investopedia.com/terms/t/topside.asp

Rig company has spare parts so no issues with the drill.
AAOG have funds for such circumstances and still have enough to go to production hence the big 8p placing a few months back

Some very large buys last fews days being taken out so should see sp rising

After calculating last placing at 8p and with day & short term traders cashing in on the 30%-50% rise ( 8p to 12p )
We are now at a New Lows @ 11-12p thats holding.
Long term investors averaging down and new investors buying in and holding their positions then 15p-18p is the next resistance.
With only weeks away from flow rates I see buying pressure exceed this level and possible push higher.
With positive higher expected news on flow rates then 20p plus without question.
Very much low risk play at these levels with huge gains on offer

Good news last of the CLN's with MM's marking this up 30% today
However moving forward and without further CLN's to fall back on then there can only be a placing to raise the final
stage until the NYW is complete
What price will we see in Oct/Nov placing to carry CHAL into a running commercial business ?
I for one are deeply disappointed with todays RNS because the £1M draw down and further private funding that CHAL have benefited now cease there fore future funds can only be from a placing

Taken from ADVFN post

"The commencement of drilling operations ahead of schedule expected represents the culmination of a considerable amount of hard work by the team,” David Sefton, Executive Chairman, commented. “In the space of six months, we have effectively built a new operations team from scratch, commenced the well planning process, raised additional funds, negotiated all relevant contracts, completed a new Environmental Impact Assessment, successfully executed the workover of the two existing wells and have now mobilised an entire drill team and equipment. This is a real achievement for a junior oil and gas company.”

If we get any form of news over the weekend of positive oil flow shows this will be marked up by the mm's and a rerate of the sp possible back to high teens or even 20p plus.
Even at 20p thats only MC £32M.
Broker note marked this at 50p plus with positive flows.
Those waiting on the side lines I won't wait for the sp to lower, last opportunity was a few days ago when order books of a few million shares required at 10.3p were filled.
GLA

Means RNS due

Axebob
Should be 6-7p at present and 10p min prior to DFS
Once we receive a constructive DFS then no reason why 15p should not be tested as this was back in April 2018 when study report acknowledged the findings

As I said shorts being taken.
45354 great example as its too risky, upside rising share far greater than wanting lower, Re-rate as we speak as directors got what they wanted at 4p