Member Info for flamemaker

From RNS 27th June...'All key equipment necessary to carry out a 150-day long-term extended flow test campaign at HH-1 is now on site'

1. Approval to raise capital granted
2. Permits awarded
3. SR offer
Probably in that order. IMO

For Colin to put out a positive rns it must be good news....;)

Because the inevitable discounted placing may very well not happen until after the permits are granted in which case the sp will be multiples of the current level...

Obone, Sorry, just seen your comment. Jedi has summarised it perfectly though. I don't like it anymore than you but it's patently obvious that the company will be in a better negotiating position both with the SR and ARSO if it has the ability to continue as an independent going concern. I would therefore fully expect the market to view this positively.
Shareholders retain the right to remove the BOD should they attempt to abuse the rights.

Correct. And a yes vote should see an immediate uplift

That they need the ability to raise. Whatever you might think of CH, it's clearly in the shareholders interest. Approval itself should lift the sp.

Looks better than expected. Costs are being covered and production increased.

It pains me to say it, this does make sense. Funding for the business is critical to shareholder value at this point. Failure to recapitalise would just leave us on the rack with the SR. I will be at the meeting for certain.

And... There it is. I suspect we'll have some positive news shortly. Who knows, perhaps a 'clarification' from arso early next week.

On the way I'm guessing. NT for even 75000

Boring day of tankers filled with light sweet crude rolling out of Horse Hill. Hope they're all boring.

Rough estimate based on the amount of tankers seen coming out - 43 as of this am - taking into account that there will have been many that were missed on days wher they have not been watching the site, multiplied by the capacity of a road tanker, multiplied by the current brent price. Oh and don't forget i'm talk value, not sales. Clearly only the company would know the exact amount of revenue generated..

Heading up close to $1m of oil taken out so far and they're only testing the thing...

Morning Crude, a former next door neighbour was a salesman for Caterham and took me for a spin. Astonishing performance and road holding. Kids, don't do drugs, get a Caterham

Positive. Bod buying over current sp.

Morning Crude, thanks for the update. Delighted to hear you still have your camera about your person ;)

very tight now 0.16%. Looking positive

Lands and this is well and truly off to the races. Tick tock.

£50k buy printed