Member Info for gregpeck7

Yea, they have indicated ( verbally) that there could be over 60m barrels to go after in Egypt. If they develop a long term high intensity drilling schedule then we will all find out. Tbh that’s always been what I have thought they should be doing. 2 years multi rig assault on Egypt and build a war chest for a similar prospect. Jamaica js just pie in the sky and a waste of resources.

Well this well according to uog was tapping into an untrained part of the field but it was classed as development not exploration so normally would not add to reserves as they are simply extracting what they believe is there ( ie it’s not an exploration well like the next one which will add to the reserves if it comes in ). But if you believe Brian and it exceeds the previous drill estimates ( which should be in line with the cpr etc ) then there could well be an upwards revision to p1 and p2 reserves because there is more oil in that area than they expected.

It depends in which oil horizon it’s present, what the permeability is, how far it extends etc etc. But it’s a very decent ‘pay zone’

As it’s a deviated well it’s also highly likely to flow at a very substantial rate.

They are probably looking at a multi rig drilling schedule for Egypt. That would actually make sense.

Up strongly in Oslo. It’s basically consolidated the rise there for 2 days now. Will it break 1.6 today? That would be incredibly bullish for today and next week.

Well Oslo is looking rock solid. I’m expecting it to spike to 1.6 any time.. could be wrong but that’s how the trading is looking to me. Building a very solid base for the next move north. Florida totally agree this is a once in a lifetime type opp.

Noted. Maybe he should confine his ‘input’ to the Norwegian boards then :)

Once it finally breaks and holds 1.5 I think 1.6 level will pop easily. Looks to be happening. He says crossing fingers!

You do realise the warrants they also have are for higher prices still. Does that not suggest something to your tiny little mind ??

Massive shedding of shares? They didn’t get that many!

Agree, clear agenda on display. Probably feels like he or she missed the boat. Also another one of these characters that cannot spell ‘lose’ whenever I see one of these I stop reading.

Clearly no idea what a huge amount of confidence is being shown when you raise equity 30 percent above the share price. It’s almost unheard of. Clearly massive underlying demand for the shares.

Remember the investor call. Lots of references to getting investment grade credit rating to allow for more flexible financing. Is this all part of that plan? Looks to be to me. AC executing.

Pity the poor peeps who sold out at first chance. Whoops.

Flying in oslo

https://twitter.com/01l_m8nd8r1n/status/1420637179253043204?s=21

Crazy good news. So we are issuing shares well ABOVE the current level to clear outstanding debt. Shows the confidence. Rocket boosters on for tomorrow people’s.

They trade on multiple bourses so I think the total is around 14m

Oslo just closed up 10% , 55 million shares traded.

Massive volume as well..

Nice to see buys come in and people waking up to this huge opportunity.Oslo 40m shares traded today already and 50 million yesterday. Uk is very much the junior partner. Cannot believe the value on offer tbh. And trading at a decent discount to Norway price.