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Really surprised by sp action here after that interview. He has basically said that everything is on-track. Casc 3 appears to be the ? From what they have shared Casc 2 is going to be like Casc 1. It's just what we get from Casc 3 that could decide 40p or not. They should also update the market on when the next 2 wells will be finished and hooked up / flowing. Should keep a few from soiling themselves. It will also provide us with a very healthy exit rate if they can execute before year-end.

No shorting here. No-one in their right mind would short this except for degenerate gamblers. It's probably not even an option. It's the same YoYoing that you find in most micro caps with big potential. Take a look at He1's chart. It's not shorting that creates the drops. It's a capital raise, bad news, or delays.

Here it's an assumed delay. Small spend levels from people taking profit and chasing another rainbow. You just need to be happy with your average and have some patience. And by that I mean be willing to wait until Xmas for some big news. This is mining in Africa. Delays always happen. From my pov the floor here is around 0.80p. And it will be a news vacuum / delay that causes it to drop to that level. There's no 'bad news' to come on drill results or flow rates etc. And the likelihood of a raise at this level is very low as it would f@ck partners and insiders who are due to receive a lot of 1.25p shares. The level people need to be below is 1.25p. That means you're getting shares cheaper than insiders. And have some patience.

Even if the recent wells come in at 40, you'd hope the next two wells planned for Q4 will come in at 50 (with learnings applied). From memory a well cost about $5-6m - is that correct? If so they should be able to fund 4 wells in H1 out of cash flow quite easily. You're then looking at quite sizeable production even with decline rates. They could max out very quickly and essentially be drilling a well each quarter to offset declines. That's the dream.

Before it shows up on L2. Just for you McFirth.

500k at .09869

Jesus guys, this was always going to happen. It's a micro cap with big news. People pile in and make money. The pile out to secure gains when there's a bad rns or delay. As I've said a few times now, it's going to be a YoYo for some time. Plus it's all about timing. I f@cked my entry but will average down. Question is whether the YoYo has bottomed. Will keep calling it for you McFirth.

Interview on back of TXP announcement.

Https://youtu.be/EQ8kPNnSjQw?si=-tozdKWfSw1t3sQS

Obviously DYOR. Important to point out they don't have well test results yet so although there's a lot of great news, the biggest is to come in 2 weeks. GLA

God another lemming. Just looked at some of your investments McFirth, Growmore and Rob. Says it all. You h@lfwits would be better off at the casino. I'm guessing you don't have a lot of money so that's why you're always chasing rainbows. Fwiw my portfolio is RIO, LLOY, i3e (soon to be gone), TIG, TXP and here. I also jump in and out of HBR depending on macro for O&G.

McFirth, I'll let you know what I pick up tomorrow and when I'm done with my speccy punt here. In the meantime if any of you are interested in an INVESTMENT that will make a nice 25-35% return in the next 4 weeks then check out TXP. I have a quite large holding there but if you do some research you'll find out why.

**** yeah. i've mentioned a few things on other boards. don't understand the cross-ramping issues some people have on here. i've discovered some great companies from folks telling me to check something out and giving sound reasons as to why it's a great investment. this company is going to make us and others money from here. spreads the word folks.

that's your response mcfirth? let me get this straight, you start calling bull**** on my initial posts and asking for trades. i then start making buys and calling them just for you. and then you say you don't believe it. you really are a joke. i'll keep calling my trades for you my little friend. taken the time to see if i'm legit yet?

as for broker targets, seriously? at least he is correct in saying directors and other partners taking shares @ 1.25p is a very good sign. if they secure non-dilutive funding. and if they make a few more acquisitions. and if mcfirth can convince some of his lemming mates to arrive then who knows, maybe 10p. but for a +£350m mcap that would take a lot of years and no more dilution. people forget a lot of shares get printed @ 1.25p when this deal closes. great acquisition at a great price. but that dilution will always create an anchor. money to be made. timing is key.

Needs more coverage here. Couple of interviews (Proactive, LSE, Malcy), and a few more write-ups. Certainly looking very +ve. They've gotten a lot done in the last 12 months. Not de-risked yet as we need those flow rates. But if we hit some decent numbers then we're going to have one of those 50% jumps in a week if the sp is still in the low 30's. Remember we still have 2 more wells for this year. GLA

because news was delayed. punters jump all over the place. this company has had a great run with them jumping in. give them a delay and you'll see them jump out (taking profit). it's a small cap so will yoyo (as i've said would happen). i literally hit sell on that 1m trade and the next number i could get was 500k for 1.20p. you're now looking at 1.05p. key for me is to get my average down whilst punters **** the bed. and yes if big (good) news drops in the next month i will likely sell and take £25-50k.

500k at 1.102 just for you McFirth. Check it out now.

i call my trades just for you mcfirth i.e. just after i hit the buy button. you checked if they're legit yet? guessing not. you're just another two bit punter who likes to talk ****.

as for neo, i generally don't comment on any boards unless i'm already invested. the one exception is hum. i go back to remind the posters of the rampers who have no idea what they're talking about (just like you). i also got into a nice little debate with them over shg v hum about a year ago. i left shg with over £500k when it was taken over. will be similar money from i3e, now it also is being taken over. and when i'm trading, well i call that as well. i'm not doing that here (yet), but will be sure to tell you when i do.

you should take a little time to go check whether people are legit before you start 'calling them out'. then take a look in the mirror you f@cking joke.

Or there could be no interview. Or it could be a follow-up to Friday's news. Seriously need to settle down here.

Once upon a time there would be close to 100 posts here on such news. Company needs new investors for us to climb. Malcy will no doubt help a bit. I'd like to see them do some Proactive interviews, and better still put a video on lse. Scary how many AIM investors watch these things. De-risked quite a bit today. Successful hook-up and good flow rates in the next 3 weeks will be the big catalyst.

Anyone with an understanding of what sort of flow rates we can expect from today's news? GLA

how unsurprising. i mentioned the deal, and financing won't come as quickly as some of you think. thankfully i dumped 1m from my isa on friday 1.3155p. i couldn't get anything else away except for 1.2p, but thought this was too low and there'd be a short bounce back. sadly wrong about that one. btw any ****** like mcfirth wanting to question when my 1m was executed it was at 14:38:35. still holding 2m at a loss with average at 1.26p after small profit on 1m sale.

i'm a buyer, just not yet as i think there's a bit more to drop. i won't at all be surprised if this bounces off 0.9p with a news vaccuum for the next few weeks. if we get sub 1p i'll take another 3m and then sit. would like to get my average down to sub 1.1p. can see this jumping at some point in the near future i.e. the next couple of months. jason needs to get off his socials and get things done.

bit off topic fellas but don't see a lot happening here for a week or two. without a counter bid i think the dog**** offer will pass. so thought to revive the discussion around other o&g companies.

i mentioned the other week one of my more speculative stocks was txp. some good news over there this morning. worth reading the background and what they appear to have gotten their arms around. sp is still very depressed by historical standards. infrastructure being completed in the next couple of weeks alongside hook up of 2 x new wells. flow rates still unknown but expected to be in line with estimates given previous wells. they also have another 2 x wells to be drilled this year. should exit year with +12kboepd. they can drill gas wells for circa usd$5m that pay back very quickly. hook up also very quick due to infrastructure that has almost been completed. significant resource with significant upside. and they have gas prices locked in at usd$2. worth a look.

on discussion of hbr v sqz. my bet was on hbr. bugger as i got in and out for about 4% gain (circa £4.5k profit). sqz went up by 20% in the same time. definitely still in the hbr camp now sqz has re-rated. also think hbr will likely move listing to the us if labor f@ck uk o&g any more than they have already. linda cook, hbr ceo, has been very critical of the government and she now has the means and reasoning to move. when comparing to us listed peers hbr would more than double in value. sqz don't have the geographical diversification, scale or reasoning to make the shift. so don't have the ability to double their sp in a short period of time. this could change of course if they made a decent non-uk acquisition. funnily enough i think i3e would be great for their portfolio. easy to swallow. gives them a canadian listing. diversification (on-shore o&g), in a safe jurisdiction (except for government stupidity). huge resources, low risk and decline, which they can exploit with their cash pile. a cash and share offer would also be jumped at by uk investors.

only other oily is ptal, although the risk profile there makes me nervous. it's less about the transportation, and more about an accident in the amazon, which could be caused by the river levels. i've been in and out of it for a while. ticks all other boxes. sp also hammered recently. divi yield if held at recent levels is circa 13%. only other i'd consider with a uk listing. aimho gla

Jesus this is more than I was expecting. Based on the low number of trades I'd say the market hasn't picked up on what has happened here. Often happens where a small rise is followed by a couple of big step ups over the following week as news gets out. Still need to wait 2-3 weeks to get confirmation of gas flows but it certainly appears that everything is on track, just a bit later than some expected.

Does anyone care to give an estimate of the gas flows from the 2 x Casc wells in relation to what has been mentioned, and what we achieved previously? Reads like Casc 3ST1 could be a little less than we were expecting...?

Balata East is a lovely little addition. An additional 90bopd light oil is a nice chunk of extra change. By my reckoning it will add roughly $1.5m this year to the bottom line.

Other things that are fantastic:

1. Appears we have a good understanding of the geology with some nice upsides. Geology looks very promising across the board.

2. Infrastructure is running to plan. These assets are worth a lot of money to us now.

3. Addition to reserves.

4. Additional wells this year appear to be on track.

Reckon we'll push up a few pennies over the coming weeks as word gets out. If we stay down here I might be tempted to go in for more. Great news! GLA

Next week seems wildly unrealistic so anyone whining needs to pull their head in. We may get an update, but to be honest I'm hoping we don't. Any update is more likely to be telling us of a delay or worse still, they f@cked the drill and all bets are off. TXP simply need to deliver expected flow rates and we'll be in the 40's. I'm happy to wait until end October if it means they deliver on their production goals. Hopefully a bit of fomo next week. It's far better to be leaping from mid-high 30's than current level. GLA