Member Info for highlandmatt

Market cap £37m. I've sold some Predator (PRD) (£43m) and Aminex (AEX) (£70m), both non producers, to top up here.

The monies coming in make the raise not necessary from a cashflow perspective. If we can just get the bank to agree....

I doubt it. Public sector procurements can take months to evaluate.

No response from Flagstaff re number of warrants in RNS.

I assume you mean either 'imprudent' or 'prudent to keep him sweet'?

4 discoveries....

I don't think so.

Directors Talk.

https://www.***************************/touchstone-exploration-sees-production-and-pricing-gains-from-central-block-cavendish/4121208514

I've email Tim at Flagstaff seeking clarification re warrants.

Describing SASA as disappointing is a bit strong. It's a solid earner and has more than paid for itself.

Or traders taking their profits after a good week. Or wanting to deploy funds elsewhere for this week.

Very true Keith. I tip my hat to you.

OMG Keith. You said 7 days and PRD says 10. Either you've got it wrong again or they must be rubbish. 😜 Tongue firmly in cheek of course. 😉

Thank you Keith. Learn something new everyday.

Daft question. The lower sands are below a packer, allowing the upper sands to be tested in isolation. Assuming we don't want to mingle, if a packer is placed on the upper sands after testing, how can you get through this to the lower sands?

No, Keith said that testing shallow then deep was the issue.

If the shallow sands flow, and are to be used as a CNG producer, we will need another well to back up that production anyway. Remember PG's own words "only an idiot would sign a production contract with only one well". (Or words to that effect). It might be that a new well to target the deeper sands would avoid the formation damage. With wells being relatively cheap, extra wells are quite cost effective.

Just done a calculation. With the full raise of 75m shares, we had 311m, and the market was happy at 20p+, mcap of £62m. Even if we issue 100m shares at 10p to raise the £10m, we would have 361m shares, and an mcap of £61.4m = 17p. Just shows the market hates uncertainty, and therein lies the opportunity.

The SP maintained 20p after the placing. It only dropped when the money didn't turn up.