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Tony I believe the Noel Well is borderline Clearwater / but my understanding is that Clearwater is in British Co,Umbria and we are predominantly to the east in Alberta.

Cheers.

Cheered for that Maestro my son.

Atomic are USA. COPL Paid just over $50m for 31mm ?

Atomic have been Taken over by Canada Overseas Petroleum today. Don’t know anything about them / size / production but further Evidence of Activity relevant to the industry.

Somehow GGG / All will not go according to plan... or will it ??!!

If you check the RNS History - All the Big 3 Investors are on equal 700m Voting rights ? So today’s RNS just brings them in line with the other 2 ?
Anybody offer any help re Relevance of this or thoughts ? Cannot be coincidence.

Lol JAdam. They would be asking the Warrant Holders if they wanted to cash in ?
Q2 has to be Full of Newsflow and Progress !!

One thing is certain. The MM’s needed those Shares as the SP continued to rise.

Timmy. Do you think the Government want illegal Lending to grow ? £600m went through the Courts in 2017-18 alone. Google it if you don’t believe me. Banks do not want High Risk Customers on their Books. They cannot cope with the Maintenance required to support them when their circumstances change. It’s why the Customers end up in Sub Prime in the First place.

Also wouldn’t surprise me if Slater reduce / then connected PI buying. Just sayin ..

I was thinking same earlier. They just can’t cash out 700m Shares at 30p. Once they hit their Threshold they have to cash in at Strategic prices. Strange timing all the same.

Does anyone know if the Market Makers on both Indexes can exchange Shares ? I suppose they can and do ? Or are they Ringfenced ?
Either way they will communicate and if both Index MM’s come to a common Valuation then it will go exactly as I say - A steady daily rise and spikes only on News. They will want to trade it like a Passenger Plane taking off and not like a 90 degree verticle F-22 Raptor fighter move.

-2.63% on Canadian Dollar is peanuts Tony lol. Ie : If it goes up 20% on TSX it is equivalent to 10-12% in U.K. Just started Trading son.

The MM’s needed those Shares Tony. Read into that what you will..

To achieve 30p 6 Months from now the SP has to grow compound by Approx 18% per Month. At the moment it’s rising 5% a day. Long may that continue. Big ask but the Metrics are Never to be Repeated.

Tony / If SP was to be 30p in 6month then logically it has to be more than 10.3p now. Some Truth in that / However I look at it in a different way. I3 as Doc says is largely unknown. If the MM’s decided it would be Selling for 30p in 6 months / then it would be in their interest to keep this as low as possible for as long as possible. And that means only letting it go when a Positive RNS is posted by the BOD. This IMO is what is happening now.

BOD only informed the Market about Noel Well once it had been Flow Tested and about a Month before being scheduled to come Online. More to come hopefully.

Hope you’re right GGG. The MM’s want this to Trade as low as possible for as long as possible. Because a Rise is coming. If there are No Sells / then they are relying on the Warrants. Remember when this was 10p..

IMO Doc is right re I3 being Unknown and future impact on SP once this Factor is reversed / and we have Overlooked this Point (Again IMO) on this BB. To increase SP the MM’s have to sell the Same Shares over and over. Even we on this BB were not fully understanding of the Value and Potential. Yes we believed there to be significant Upside if Oil Price recovered but I think we have all underestimated the potential of the Newly formed i3 Assets and the impact that New Eyes will have on the SP. A sustainable rising Dividend is the Vehicle.