Member Info for Florida

A great position to be in -

100% ownership of 6 wells.

2 wells with 50% - 75%.chance of success,

Fully funded drilling campaign.

2D and 3D seizmics paid for, completed with ongoing analysis.

Total prospective resource of 1.3 billion barrels.

World leading rig operators.

Spud week established.

Partnership for alternate wells in negotiation. IMO very soon.

Highly experienced world class board of directors.

WTI oil price at a 3 year high of $75 and Brent crude at $78.

These are the fundamentals, everything else is irrelevant.

They are not showing any buys whatsoever for this share, showing all buys as sells. It's absolutely outrageous, definitely needs an investigation by the FCA.

International Co2 shortage just mentioned in Parliament by the Prime Minister at Prime Ministers Question Time. Must be a worldwide shortage.

Gkahn - I agree with most of what you said on Sunday and I think it works well with what 210pm said regarding the companies commitments to their £28m investment promise/contract. All of these factors reinforce my view that the company has it's head in the right place and are making decisions way ahead of the game.

GKahn - on that basis I must assume you were speaking more in jest than antagonistic and I apologise for taking it the wrong way.

Manro - yes, Titanic

Meaning - Titanic: having great magnitude, force, or power : colossal

GKahn - So will you if you don't buy in.

Great RNS, clarification on all points in question including the main reason for the second placing, thanks to 2010pm.
You all might remember the fund raising was massively oversubscribed, so much so the offer was closed on the same day it was issued, with the bulk of the placing taken up by institutional investors. So forget any overhang, it's just not going to happen. Fundy and his cronies are working flat out to feed in any shred of negativity before the 4th to avoid what must be a terrifying buying frenzy on or shortly after the 4th July.

Don't be surprised if the price doesn't move over the next week, this is standard practice when locked into a placing. If you are considering buying, there will be plenty of time for a dramatic price surge after the 4th, watch the hyena's disappear off the boards and you'll know the price is about to rise because there will be nothing they can do to stop it. This really is the last chance to get on board this titanic ship. Good luck all.

Electrified1 - fully concur, your view gives a firm negotiating hand with any farm in. Secures a firm back up play into the 2019 programme and signifies to all potential investors that they are determined to achieve their objective.

Did have a laugh at Schachmeister123's drivel about how much of a long term trader he was but didn't know that the price is always driven down to the placing price as a matter of course with virtually every placing. Tried to kid people into thinking the price drop was a lack of faith in the company. Really schoolboy immature stuff.

Mon1 - directors ploughing their own cash into a company shows commitment. If they don't care, as you say, they obviously don't care about their own money.

Fund - why would Petrovis, already stacked up to the hilt with shares (29% of the company) be judged as lacking confidence if they don't buy more?

The figures quoted in yesterdays RNS look promising. One hit out of six wells would bring a profit of £461m based on a hit of 50 million barrels (the smallest of the 6). That's an equivalent market cap of around £600m or a price of £1.

Definitely the wrong time to sell. Wonderful news coming Monday or Tuesday next week, imo. I must say that was a great find fadec92, and your evaluation of what took place was spot on, all credit to you. Roll on next week.

?

Sorry guys but you are all barking up the wrong tree. They spud today. The sellers are pre drill, small profit escapees, and they jump ship on spud with a small profit and no risk, happens quite often.

WARNING, THIS IS A SEVERE WARNING. We are amidst a pre meditated bombardment of negativity, paid for by the mm's to stifle positive debate. Take look at Chariot (char). Virtually identical gibberish, continuous nonsense bleated out day after day, all intended to prevent positive debate and create a negativity. This is a warning to all new and LT Holders, MM's know they have to eventually push this up and must prevent buying during this period. Creating a negative environment is the only way they can deter many pi's from buying in. As a firm holder this is very reassuring. However, it does prevent a more immediate climb and forces many to bail prematurely. This is no joke, it's a deliberate act of sabotage, distorting the image of the company and preventing new pi's buying in. We can stop this by writing to LSE as a complaint and sending a duplicate copy to the FCA to act on if nothing is done. These people are parasites earning money from your losses, don't let it happen. We all know who the agitators are, act now.

China next?

The companies decisive strategy to pursue a farmin partnership into 2018 must be seen as a firm commitment to acquire a partner for the newly found targets. The WTI oil price sitting at $65 draws no comparison to 2017 and dramatically increases the percentage chance of finding a partner in the near term. Could be soon, very soon.

Sorry, just watching the end of Dr Strangelove, love that film. So you are saying they couldn't start out with a product they know works but the only way they can use it is to present it to the world in the guise of something different. I say they can, especially as the base core of the product is an algorithm.

Come on Twix your better than this. You've got to have something better than that. QRI uses an algorithm to analyse satellite data to decipher or decode background noise that would otherwise be discarded. You can call it what you like and whaat it does is written into the code. The blind tests sound exactly the same as those conducted by Vialogy all those years ago. Do you remember Gulaty's presentations outlining the blind tests conducted with 100% accurate results, it all sonds so familiar, take a look at "Case Story". Don't you remember they were intending to use QRD to determine old 2D and 3D data sets to forecast oil that had been previously missed, take a look at "Virtual Drilling". They even use the same pitch that the oil industry has a success rate of 10 - 15%, you know what they say, cheats and lyre's need good memories, and the Geological advisor just happens to be Indian, couldn't possibly be an associate of Gulati. Changing the subject a little, more to those living in the Premaitha world. I'm still reeling over flippers nonsensical idea that the money raised in the last placing is going to be used to promote the new product. Well I've heard of inventing a theory to justify a false claim, this absolutely smashes all false claims into oblivion. Nowhere does the RNS say the money is going to be used for anything other than International expansion progress, nothing to do with "New Product".