Member Info for Ginksy

Its in the RNS that is enough ... its the Nomads job to make sure everything in an RNS is correct

"The Barracuda field sits in OML 141, an oil mining licence area covering 1,295 km2 in the swamp/shallow waters of the Niger Delta in Nigeria. Four existing wells drilled in 1967 (three wells by Tenneco) and 2007 (one well by CNOOC) penetrated oil-bearing high-quality C3 and D-1B sands typical of the stacked delta top and prodelta reservoirs in faulted listric settings common in this area. "

Loopup should be trading at a minimium of 10 pe . For a company in a hot tech sector should be a least 20 pe if it was listed in nasdaq it would probably trading at 100 pe ... be interesting to see the earnings per share tomorrow .

Infinity Coin has a rhythm to it ! sure beats infinity to get a well drilled

The share price will go bonkers if they get the 15 million loan refunded... its practically written off by the market atm ...worth 5.25p to the company value

what evidence of another offer .. it never went to auction .. that's the point.. why didnt it go to auction .. because they wanted adm shares at 7p ... why ? because they expect the price to go alot higher than 7 p

If EER wanted cold hard cash they could have auctioned their holding .. theres plenty of cash rich companies looking for deals that would have paid far more than adm paid ... instead they took adm shares at 7p

Its clear EER would rather have $2million worth of shares costing 7p a share in ADM rather than cash question is why?

also if they had to buy that many shares on the open market they wouldnt be paying 4.2p or 7p probably an average price well north of 10p

FROM RNS 10/12/2020 ;The total consideration for the Agreement is US$3,000,000, originally intended to be satisfied by the issue of US$2,000,000 of new ordinary shares at 7 pence per share and US$1,000,000 in cash at the time of completion.

i never came across a company issuing warrants below the raise price ... its usually at a premium of 50% of the raise price.

so if they have a placing at 7p being last fundraise price i d expect warrants to be at least 10p

The drill site is located on private land near Puddletown, Dorset. The well is targeting the
Cornbrash, Bridport Sands and Sherwood Sandstone horizons.

The Wytch Farm oil field comprises three separate oil reservoirs; the Bridport
and Sherwood Jurassic sandstone oil reservoirs and the Frome clay/limestone oil reservoir. The
Bridport Sands, lying 900m beneath the surface, was discovered in 1973. The Sherwood
Sandstone reservoir, situated at a depth of 1,600m, was discovered in 1978. The Frome Clay
reservoir, containing 7.5 million barrels of oil at a depth of 750m, was discovered later. Oil
production from Wytch Farm peaked at 110,000 barrels per day in 1997 compared to 6,000
barrels per day in 1984, however, production has gradually declined since then to 50,000
barrels per day in 2002 and to 13,000 barrels per day in 2019.

The proposed well site is also shown on this figure where it can be clearly seen that the site location sits in a fitting
position given the envisaged location of the highs of the target reservoirs, the site is also directly above the highs of the target reservoirs; the selected site forms the ideal drilling location.

infinity are pretty confident in finding oil .. just a matter of how much....
While this well will be the first that SWEL has applied for in Dorset, SWEL does not consider it
to be an exploration well due to the extensive existing information covering the area including
2D seismic and previous operators’ reports and exploration works. SWEL has also carried out
Atomic Dielectric Resonance (ADR) testing at the proposed site which has produced a virtual
exploration borehole. As a result, SWEL consider this proposal to be a pilot production well,

with brent close to 70 dollars per barrell its a good time to go into oil production.

any oil find in the dorset area has a history of excellent production rates unlike oil finds in other areas of onshore uk such as horse hill which is closer to tar rather than oil.

wytch farm at its height produced 110,000 BOD which is as good as any offshore wells

GW would have a far greater lifestyle if he can get the company relisted and drilling

this company could reach anything from 10-20 million market cap on drilling with gw holding the majority of shares

if they find even a fifth of the oil found in wytch farm down the road your looking at a 100m plus market cap

Brent over $67 and a great time to relist and start drilling in one of europes onshore oil hotspots but yet the company directors still hiding in their covid bunkers ... its ridiculous

There is at least three ecologist's in Dorest Why not get one of them .. not much travel required re covid ...

Abbas Ecology
No reviews · Environmental consultant
Dorchester, United Kingdom · +44 1305 889855
Website
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Footprint Ecology
5.0
(2) · Environmental consultant
Wareham, United Kingdom · +44 1929 552444
Closed · Opens 9 a.m. Fri
Website
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CGO Ecology Ltd
5.0
(2) · Environmental consultant
Christchurch, United Kingdom · +44 1202 798126
Open 24 hours

no doubt a raid before news ... their just making ac more determined

Yeah its a shame with Brent hovering around $62 dollars a barrel the demand for oil shares is back and a great time to relist especially a company that can be close to drilling ... but unfortunately management are petrified by the covid and the company remains in limbo until covid clears which is probably years away.

Its abit much to be expecting a dividend from zen at this stage especially when it has no material income .... however if ac achevies his target of 18000 a day in 12-18 months .. he might be able to pay out a few pence per share

The Covid didnt stop Egdon from working on their site and Id imagine there are numerous workmen on site .......

Egdon Resources plc (AIM: EDR, "Egdon") is pleased to provide an update on operations at the Wressle Oil Field Development ("Wressle") located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest.



Operations to recomplete the well and reperforate the Ashover Grit reservoir interval have been completed safely and successfully as per the previously advised schedule.



Following the reperforation and its successful communication with the Ashover Grit reservoir interval free-flow of oil has commenced and the well has been placed on continuous 24 hour test production. The well is currently in the normal clean-up phase as the well is carefully brought on-stream.



The Company will provide a further detailed update when flow rates have stabilised on completion of clean-up.

Egdon Resources plc (AIM: EDR, "Egdon") is pleased to provide an update on operations at the Wressle Oil Field Development ("Wressle") located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest.



Operations to recomplete the well and reperforate the Ashover Grit reservoir interval have been completed safely and successfully as per the previously advised schedule.



Following the reperforation and its successful communication with the Ashover Grit reservoir interval free-flow of oil has commenced and the well has been placed on continuous 24 hour test production. The well is currently in the normal clean-up phase as the well is carefully brought on-stream.



The Company will provide a further detailed update when flow rates have stabilised on completion of clean-up.

Egdon Resources plc (AIM: EDR, "Egdon") is pleased to provide an update on operations at the Wressle Oil Field Development ("Wressle") located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest.



Operations to recomplete the well and reperforate the Ashover Grit reservoir interval have been completed safely and successfully as per the previously advised schedule.



Following the reperforation and its successful communication with the Ashover Grit reservoir interval free-flow of oil has commenced and the well has been placed on continuous 24 hour test production. The well is currently in the normal clean-up phase as the well is carefully brought on-stream.



The Company will provide a further detailed update when flow rates have stabilised on completion of clean-up.

Egdon Resources plc (AIM: EDR, "Egdon") is pleased to provide an update on operations at the Wressle Oil Field Development ("Wressle") located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest.Operations to recomplete the well and reperforate the Ashover Grit reservoir interval have been comple