Member Info for Fowldzy

Poland has a much smaller amount of shares therefore they inflate much easier. That being said its pretty clear the UK is too low but due to placing shares, its difficult to get the volume to boost the SP. We're not far aware from the end of the placing shares and news on the well is imminent.

Happy birthday Docit. Hopefully at 7p it'll be a bit more special :)

Yeah it's climbing back up now. Went NT for me

To clarify our avg volume is 20m per day so potentially placings sorted in the next five days. However, its very difficult to work out as it appears not all trades are displayed.

I have to be careful here as I don't want to seem like a ramper. From my estimations we are in the last 100m of placing shares. We know we are in the final stages of the 1008 well and oil prices are through the roof. If all three hit this month I'd expect to see a jump to 5-6p comfortably and the WSE to fly even higher. The rest is difficult to predict, there is a timing plan but that was put forward on much lower revenue expectations so that could certainly be advanced or some of the other projects taken on.

Are we sure we will get notification once all placings shares have been moved into the market. As they stated yesterday "none held in the treasury"

I think the presentation was a last minute switch so he hadnt rehearsed. Added to that he could not even mention 1008 when Jeff could two weeks ago makes me think we cannot be far away now.

https://www.sharesmagazine.co.uk/events/event/shares-investor-evening--webinar-170221

I'll be watching. It just seems strange that without an RNS and slight presentation updates, there is little to discuss. As they arranged it, i'd expect at least an update on forecasts against the new O&G prices.

Are we sure the presentation on the website is the current one? There is little difference between the information in the November one and this. All financial data is old and hasn't been updated to reflect the new $50 oil price.

Sorry just seen you replied, yes the plan is broke down over two years.

Hi Elon, from the timing plan on the presentation, a start date has been given for Q2 2021.

Still good volume which is the main thing. The SP is scatty while we have this overhang but all will come good.

Steady climb until the RNS then god knows. Already started so GL all.

Gas prices + presentation + well results + placing shares gone. This seems one of those shares that go from 0-100 in no time at all.

Agreed. Unfortunately until the news is released and we see that initial jump, we can only expect a steady rise. FOMO seems to be the biggest driving factor of investment of PI's currently. Either way, two weeks and I expect a firm double from here.

They wouldn't cap the well. They would rather increase capacity at the plant or decrease production across the lot to increase longevity. I would say the former would be much more likely given availability and success of the wells.

I believe the new capacity results and presentation in the next week will soon raise enough awareness. Does anyone have an update on the placing shares yet as I believe we must be coming close to the end?

Between now and next Tuesday imo. If they plan to prepare something regarding the results in the presentation it'll be very soon.

Darien, that is the previous presentation. I believe shares magazine are having an update with Serinus next week which will be in a similar format. The talk Pure_Evil is referring to was on a Polish website which from my understanding was very positive. Having a CEO state the company is underestimated prior to news is very positive. It's certainly not something you say when you are sat on bad news imo