Member Info for Horult

Chatter is parliament returns on 3rd sept

2nd ship has arrived

they can begin building the plant shortly - maybe they will get into production by year end🤞🏻

Still trickling down, under 13p now

should bounce back well when parliament reopen and licence is ratified, keep eye open for the bottom over next couple of weeks

where is Tro when you need him 🤣

They will have to work really really hard with their PR webcast to put some polish on this turd of a deal to convince me it is good value

not to mention the GTE shares are already 11%+ worse to what we are offered them at

somebody will be making big bucks out of this deal ( bonuses, cushy job offers, seats on the board etc ) - but it sure aint me

Do not forget bank holiday Monday - go on treat yourselves to a lay in, you deserve it ;-)

Gobi is high risk has about 15% chance of success according to broker note

Heron 2 should be no issue whatsoever, Heron 1 has proven the oil is there, Heron 2 has nothing high risk about it and should be going straight into production as it is in the same proven oil field

Can the II's please take a break in your selling of your placing shares.

feel free to start selling again at 4p, we will all be better off for it

thankyou

signed, every PI

Yup

just take a break pal, start selling again at 4p lol

There are some big sells today and delayed prints going through

guessing that an institution who was part of the last placing is happy to be making 50% and those big sells is stopping the rise

I guess the sensible money is waiting for the confirmed signed contract with PC, maybe?

it's one thing having the oil - but you need somebody to sell it too.....

Couple of big buys went in at 3.05 that could have nailed on the bottom

would not surprise me to see it back at the start price by end of day 3.4 - 3.5 ready for a friday lift

Yeah a bit disappointing, sell on news brigade strong today taking their 10-20%

hopefully will start moving back up later today and tomorrow, mm's do like pushing price to fill the gap on the chart, so may turn back around once that is completed

we can hope anyway😂

Hopefully see movement today and tomorrow....🤞🏻🤞🏻🤞🏻🤞🏻

wonder if there will be much of a pullback, guess it depends how much it rises

then ready to go again when drilling commences in sept - or on confirmation of deal with PC

sounding good through, well in good condition and confirming flow in line with the previous flow rates of over 800bopd

Spikey spikey

First shipment arrived, 2nd ship should just be a few days behind

plant construction to begin shortly, maybe they will manage to get into production by end of year I always thought it was too short a timeframe but will be more than happy to be wrong😁

So the code only applies to hostile takeovers?

in any case an offer below the 12 month high is a p*ss take

I know what the offer they have made is

but I thought that a takeover offer had to be an all cash offer and at the 12 month high - as per the takeover code

https://burlingtonslegal.com/insight/when-do-you-need-to-make-a-mandatory-offer-under-the-takeover-code/

I'm holding dai

my original buy in was at 20p - I did average down (thankfully) - but still at a 15p break even point. I did not want to put any more into a single share - this is the largest of my holdings

I was holding for loong term 5 year+ and the dividend

fingers crossed we get a counter offer from another player or they at least up their offer to the 12 month high

this offer is not good for me

I thought that a takeover offer had to be equal or higher than the highest price in the last 12 month?

how is the takeover offer not above 15p?

plus isn't it supposed to be an all cash offer?

I also thought the rules meant you had to make an offer at or above the 12 month highest price

the high was over 15p